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China's manufacturing competitiveness will be replaced by the United States in the first place in 2020

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China's manufacturing competitiveness will be replaced by the United States in the first place in 2020

 

Phoenix Financial News Deloitte’s Global Consumer and Industrial Products Industry Group and the US Competitiveness Commission released the “2016 Global Manufacturing Competitiveness Index” report showing that China ranks first in the global manufacturing competitiveness field and the United States ranks second. However, the next five years will be exceeded by the United States.
 
Deloitte has released the "Global Manufacturing Competitiveness Index" twice in 2010 and 2013, and China ranks first twice. However, the report predicts that China’s competitiveness will decline in the next five years, and will drop to second place by 2020. The United States will surpass China to become the most competitive country in global manufacturing, and Germany will still occupy the third position.
 
Globally, the top 15 countries and regions in terms of manufacturing competitiveness this year are presented“Baotuan”The characteristics that emerged were most pronounced in North America and Asia Pacific. Among them, North America, the United States, Canada, and Mexico all rank among the top ten, and are expected to maintain the top 10 in the world in the next five years. In the Asia Pacific region, China, Japan, and South Korea will lead Malaysia, India, Thailand, Indonesia, and Vietnam has also shown good momentum of development and is expected to sprint the global top 15 by 2020. The overall performance of European countries is weaker than those in Asia Pacific and North America. They are mainly centered on Germany and the United Kingdom, and are surrounded by Switzerland, Sweden, and the Netherlands.
 
Specifically, the most competitive advantages in infrastructure are Germany, the United States, and Japan; in terms of human resources, Germany, Japan, and the United States are the most competitive countries; in terms of labor costs, emerging economies still have the greatest advantage. The average wage of the labor force is lower. The average hourly wages of Indian and Chinese laborers in 2015 are only 1.7 US dollars and 3.3 US dollars, compared with the United States of 38 US dollars and Germany's 45.5 US dollars is still a big gap; in terms of labor productivity, developed The economy is even better. The United States is far ahead, followed by Germany, Japan, and South Korea. In the future, China and India will accelerate faster than other countries, while Japan and Germany will be challenged by the decreasing labor force population and the aging of the population. In terms of physical infrastructure, Germany, Japan, and the United States have a leading edge, Germany ranks first in the logistics performance index, and Japan tops the Internet penetration rate.。
 
Source: Phoenix Finance