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In 10 years, China will become an innovative country in the world, and China's skin packaging industry will flourish


Finance represents the economic vitality of a country.According to a survey conducted by the People's Bank of China in the fourth quarter of 2018 on more than 3,000 bankers, 66.8% of bankers believe that the current macroeconomic situation is "normal".In the first quarter of 2019, the macroeconomic expectation index of bankers was 37.8%, which was 3.4 percentage points higher than that of this quarter.

At this time, the global economy also experienced a turning point in liquidity and fiscal policies.Interest rate risk and exchange rate risk are the main types of risks in the current world economy, and the risk of fluctuations in the global financial market is expected to increase.Therefore, after a decade of prosperity and crisis and depression, we will face another decade of global economic and financial adjustment.

It is expected that the global economy will continue to be "lightweight".For example, the proportion of services in emerging economies and Europe will continue to rise, while the overall economy of developed countries will continue to "reduce".As a result, the proportion of the world's service industry will increase and the proportion of manufacturing will decrease.By then, asset-light will become increasingly important.At the same time, there will be fewer investors willing to hold heavy assets, and investment will decline, making economic growth mainly driven by consumption. These factors are interrelated.This is a very noteworthy change in the global economic structure in the next decade.Products with skin-on packaging are mainly small commodities for supermarkets, cold meat such as steak and beef, seafood such as salmon and squid, and cooked food. It is a good positive factor for the skin-on packaging industry.

 

 

For example, people no longer need more foreign products as they did when globalization expanded rapidly.Instead, they consume more domestic service products.In the United States, millennials are reluctant to buy cars or houses.The demand for materials has declined, while the demand for services such as tourism and restaurants has increased.

On the other hand, globalization has been accelerating in the past 30 years.Globalization may slow down in the next 10 years, and it may not necessarily reverse, but it will undergo tremendous changes.It is expected that the United States will enter a recession or slow down from this year.At the same time, the GDP growth rate of the United Kingdom will decrease by 1% per year in the next 10 years, while the European Union will decrease by 1/3 percentage point in the field of super emerging industries.Japan is still in the same place, while China and the United States have entered the world's leading position.

The Japan Center For Economic Research recently released a report that measures the expected economic growth rates of 11 major Asian countries by nominal per capita GDP until 2030, which shows the affluence of the people in these countries.It is expected that Malaysia will rank among the high-income countries with a nominal per capita GDP of over US$11,999 by 2023, while China will surpass this level by 2025.In addition, Indonesia, the Philippines and Vietnam are expected to rank among the middle-high income countries (with a nominal per capita GDP of over US$4,000) by 2030.

According to the data, China's economic growth has contributed nearly 30% to the world's economic growth (according to the International Monetary Fund's estimates), and remains the largest contributor to global economic growth.In 2018, China's GDP exceeded 90 trillion yuan (more than 13.6 trillion US dollars), an increase of nearly 8 trillion yuan over the previous year, ranking second in the world and accounting for about 16% of the global economy.China's skin packaging industry also contributes to the economic development of China and even the world.

As the weakening cycle of the US dollar began after the Fed's slowdown, the US economy reached its peak, and with favorable policies in the Chinese market, there may be more logic for global foreign capital returns and asset revaluation.It is expected that China will continue to be optimistic about RMB assets.As the internationalization of the RMB accelerates, it is expected that by 2025, the RMB will play a role of 10% in international monetary reserves, and China will also transform from a financial power to a financial superpower. For example, the RMB can be directly used abroad, and the demand for foreign exchange reserves will certainly decrease.

Bloomberg quoted the well-known report of the World Economic Forum that by 2020, China will officially enter the ranks of the world's innovative countries, and China's digital economy will be ahead of the world.In the field of Internet, China has already achieved the world's first position, and the competition with Japan, Europe and other countries will become increasingly fierce.Even the "cold" Goldman Sachs also believes that China's economy will enter a new stage, becoming more and more powerful, and the future lifestyle of the Chinese people may be reshaped.

In the next 10 years, the global economy will undergo tremendous changes. When China's per capita GDP grows to around $10,000, these economic trends will affect the future manufacturing industry, asset preferences, business structure and international capital flow.This will have a huge impact.This will surely bring about the re-development of China's skin packaging industry.We will wait and see.

 

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In 10 years, China will become an innovative country in the world, and China's skin packaging industry will flourish

Finance represents the economic vitality of a country.According to a survey conducted by the People's Bank of China in the fourth quarter of 2018 on more than 3,000 bankers, 66.8% of bankers believe that the current macroeconomic situation is "normal".In the first quarter of 2019, the macroeconomic expectation index of bankers was 37.8%, which was 3.4 percentage points higher than that of this quarter. At this time, the global economy also experienced a turning point in liquidity and fiscal policies.Interest rate risk and exchange rate risk are the main types of risks in the current world economy, and the risk of fluctuations in the global financial market is expected to increase.Therefore, after a decade of prosperity and crisis and depression, we will face another decade of global economic and financial adjustment. It is expected that the global economy will continue to be "lightweight".For example, the proportion of services in emerging economies and Europe will continue to rise, while the overall economy of developed countries will continue to "reduce".As a result, the proportion of the world's service industry will increase and the proportion of manufacturing will decrease.By then, asset-light will become increasingly important.At the same time, there will be fewer investors willing to hold heavy assets, and investment will decline, making economic growth mainly driven by consumption. These factors are interrelated.This is a very noteworthy change in the global economic structure in the next decade.Products with skin-on packaging are mainly small commodities for supermarkets, cold meat such as steak and beef, seafood such as salmon and squid, and cooked food. It is a good positive factor for the skin-on packaging industry.


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On the occasion of bidding farewell to the old and welcoming the new, all colleagues of the company express their heartfelt thanks to domestic and foreign merchants for their patronage and cooperation. The company's factory resumed normal operation during the Spring Festival holiday from January 29 to February 11, 2019 and February 12. Please arrange your orders before and after the holidays to ensure your normal production. Notice is hereby given.


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