The "cost competitiveness" of the US manufacturing industry is approaching China

People.com.cn April 28th Boston Consulting Group (BCG) recently surveyed 25 major economies after the discovery, the competitiveness of the manufacturing industry China still ranked first, but the leading position is threatened: America status has climbed to second, leading many exporters. South Korea ranked third.

BCG evaluation index has four items: wages, productivity growth, energy cost and exchange rate. Transportation costs are not considered in the. In the past few years, Chinese manufacturing because of rising wages, the exchange rate and rising energy costs, long-term competitive advantage is declining, and USA for shale gasproduction, gas prices lower, cost constrained to continuously improve the competitiveness of. In addition,employee productivity, wage inflation pressure is small, also contributed to the regression America competitive advantage.

BCG said, compared with the addition China outside of the ten largest export country, America overall low cost10% to 25%, and Eastern Europe has been almost. America manufacturing industry since 2004, continuously enhance competitiveness, more than Mexico, India and the progress of the export country outside Holland. Themanufacturing cost of less than China American 14%, now only 5% less. As this trend continues, by 2018, Americamanufacturing costs will be lower than the Chinese.

Anbang consulting analysis, over the past ten years, China factory adjusted labor costs increased by 187%, while the USA increased by only 27%, but the RMB exchange rate against the dollar also rose more than 30%. In our view, American manufacturing past below China is "cost competitiveness", in the aspects of technology, laborefficiency is higher than that of manufacturing industry, China. Now, China and the United States manufacturing"cost competitiveness" more and more close, this also means that China manufacturing industry to re shape thecompetitiveness, China "factory of the world, 1 edition" as soon as possible to upgrade to the "factory of the world,2 edition", "3 edition", China can remain relatively competitive in the world market.