According to the data, in the first half of this year, China’s total exports amounted to 11141.7 billion yuan, an increase of 13.2%, and its total imports amounted to 8660.5 billion yuan, an increase of 4.8%. China’s import and export trade surplus reached 2481.2 billion yuan.
This makes the world feel incredible, because in today’s global economic situation, most of the industrial powers have trade deficits, and Vietnam, which has always been said to replace China, has performed poorly. On the contrary, China, which has been condemned by many countries, has burst out with great potential. This is enough to prove that China’s position as the “world factory” is unshakable. Although some manufacturing industries have been transferred to Vietnam, they are all low-grade manufacturing with limited scale. Once the cost rises, Vietnam, which makes money by selling labor, will show its true colors and become vulnerable. China, on the other hand, has a complete industrial chain and mature technology, so it is more risk resistant.
Now, not only does Made in China begin to rebound against the trend, but also there are signs of talent backflow. In the past, many outstanding talents never came back after going abroad. Last year, the number of returned students in China exceeded 1 million for the first time. Many foreign talents even came to China for development.
There are markets, industrial chains, talents, and more and more attention to core technologies. It is impossible for such Made in China not to be powerful!
Post time: Oct-11-2022