How to comply with the trend of the times

The fact that many large-scale foundries in China have closed down since last year gives rise to concerns about the future of Chinese manufacturing. Xiao Bian thinks that this may be a normal phenomenon in China's transformation from manufacturing to manufacturing in China.

First of all, China’s economy is completely different from that of a decade ago. The rapid economic development has prompted China to start creating its own branded products.

In recent years, China’s labor and land costs have risen, and China’s processing trade costs have gradually increased. Some companies have begun to shift processing trade to countries with cheaper labour and land resources, such as Vietnam, Bangladesh, and Cambodia. Chinese clothing companies have gone abroad. Established manufacturing facilities in these Southeast Asian countries. As China strengthens environmental protection and intellectual property management, domestic brand enterprises have begun to grow up and even go abroad to compete with foreign companies. They have the ability to participate in the formulation of the world's technical standards and become a stand-out with Europe and the United States in the development of mobile communication technology standards. For example, in the telecommunications industry, Huawei has become the world's communications equipment industry. ZTE Corporation is among the top five in the world communications equipment industry. China’s mobile phone brands such as Huawei, Lenovo, and Xiaomi are robbing Samsung’s market share in the global market.

Second, the transformation of China's foundry brand has also changed the original state of OEM. According to data from the Jinjiang Economic Development Bureau in 2010, the city has an annual output of about 1 billion pairs of shoes, accounting for 40% of the country and 20% of the world's total; jackets produce 67 million pieces annually, accounting for 42% of the country, 20% of the world, and umbrellas. , candy, etc. are not listed one by one. Jinjiang’s foundry began to transform its own brand, with brands such as Jiumuwang Garment, 361, Anta Sports Shoes, and other brands. As these foundry transformed brands, the decline of European and American brands was accelerated. In 2013, Jiumu Wang became one of the top five brands of high-end business casual men's wear. Anta released its 2014 performance of 8.923 billion in revenue and 1.7 billion in net profit, a record high.

At present, China has achieved some results in its creation and is currently strengthening intellectual property management. At the end of last year, an intellectual property court was established, which will further promote the development of China's creation. As enterprises, they must adapt to this change, innovate, and win higher profits through innovation. In the future, China's economy will develop even better.