"Made In China" Will Shake The Status Of The World'S Factories And Carry Out Differential Competition In The Future.

Foreign research forecasts that China's labor costs will catch up with the United States in 4 years, within 5 years, and within 7 years.

Foreign media argue that the rapid growth of wage level is threatening the competitiveness of "made in China" and shaken China's status as a "world factory".

The growth rate is remarkable, and the gap between developed countries and the developed countries has been shrinking. The statistics of the International Labour Organization, the world monetary fund and the labor departments of various countries have shown that the wage level of the developed countries such as the United States, Canada, France, Germany, Japan and other developed countries showed a trend of no increase or decrease in 2006 -2011.

The statistics of China's National Bureau of statistics show that the annual growth rate of China's basic labor wages is increasing year by year. In the first half of 2012, the wage income of urban residents in China increased by 13% compared with the same period last year, and the wages of migrant workers increased by 14.9%.

At the same time, the wage gap between China and developed countries is decreasing.

Take the United States as an example, the ratio of China's average wage to American wages increased from 1/11 in 2006 to about 1/6 in 2011, and the gap narrowed by nearly 2 times. In Japan, which is also a developed country in Asia, for example, the wage gap between China and Japan has narrowed by more than 2 times in the past 6 years.

On the other hand, compared with developing countries with low labor costs, such as India, Philippines and Vietnam, the wage gap between China and the developing countries is also widening.

Vietnam, for example, in 2006, Vietnam.

The average monthly wage of the industry is only 254 yuan, the average wage of China is 1750 yuan, and the difference between the two is 1496 yuan. In 2011, Vietnam's monthly average wage rose to 540 yuan, while China rose to 3538 yuan, and the gap of two increased further to 2998 yuan.

Boston consulting group points out that many large manufacturers are leaving China.

Adidas announced that it will close the only factory directly under China.

The company says production.

The monthly income of Chinese workers is at least 2000 yuan, while that of Kampuchea workers is only 107 euros (about 851 yuan).

Higher wages will encourage manufacturers to move to Southeast Asia where labour costs are lower. Egypt, Morocco and even Bulgaria and other European countries may benefit.

Britain's Financial Times reported that the rise in labor costs has doubted China's status as a "world factory", but it can also be regarded as

It is part of the process of shifting to high value-added manufacturing and increasing attractiveness of the consumer market.

According to the issue of "fear of foreign trade caused by the increase in wages of Chinese laborers", New York Times said that although wages in China are good for workers, it is not the case for foreign trade companies in China. The phenomenon of general wage increase has made many foreign trade enterprises face unprecedented danger.

According to the people's daily, "made in China" is facing both the pressure of emerging economies and the "pressure" of the developed economies in Europe and the United States, and is also facing a favorable opportunity to speed up pformation and upgrading.

Seize the limited time to achieve industrial upgrading, adjust the manufacturing structure, shift from low cost competition to differential competition, and finally turn from a big manufacturing country into a manufacturing power, which is the fundamental direction of China's manufacturing.

As a "catching up" party, its economists applaud the rising trend of labor costs in China.

Thornton, IHS of the US economic consultancy, said that rising labor costs in China are changing the global manufacturing landscape, which may lead to the return of the US manufacturing sector to the mainland and an increase of 3 million jobs.

The other side, as the labor cost advantage, is catching up with China's India. Experts in that country are confident that India will replace China and become the "first manufacturing power".

"India is also a big manufacturing country," he said. "We are working in this direction to compete for the status of" the first big manufacturing country "in India.

Judging from the current situation in China, it is no longer possible to achieve rapid economic growth in the past by low labor prices.

The most urgent task is to increase labour productivity, improve the quality of workers, and turn from demographic dividend to human capital dividend, which is a road China must take.