Where does the “hard confidence” of Made in China come from?

Recent data from the General Administration of Customs of China showed that in U.S. dollar terms, my country's exports of goods increased by 7.6% in May, far exceeding observers' expectations. Among them, the export growth of many key manufacturing commodities has been gratifying. Some analysts believe that thanks to my country’s significant industrial chain advantages, strong innovation momentum, and powerful policy support and other factors, although some Western countries have been chattering about “decoupling” or “de-risking” and have imposed many restrictions on China in trade. , but Made in China is full of resilience and confidence.

The scale of my country's manufacturing industry ranks first in the world, and manufacturing products are the main body of goods exports. According to statistics, in the first five months of this year, the export volume of general machinery and equipment, household appliances, LCD flat panel display modules, automobiles, ships and integrated circuits all increased by more than 10%. Among them, automobiles and integrated circuits both exceeded 20%, and the number of ships soared by 93.4%. Neumann, chief Asia economist at HSBC, believes that China's "overall export data is very gratifying" and "it is currently very competitive. Even if trade restrictions are imposed, it will not really slow down the growth momentum of exports." In addition, due to the strong growth in my country's exports to ASEAN and Latin America in the first five months of this year, both reaching about 10%, an article on the Hong Kong Asia Times website commented that the popular Western saying about "overcapacity" is not very popular in the global South. According to the report, demand in the Global South for China's telecom infrastructure, electric vehicles, solar panels and steel is growing, and "China has found an expanding market in the Global South."

The industrial chain and market advantages support China’s manufacturing confidence. Market analysts have repeatedly mentioned that China is the only country in the world that has all industrial categories listed in the United Nations Industrial Classification, and it is also one of the largest consumer markets in the world. Sufficient supply and huge demand can be called a "match made in heaven" in economics, which can provide enough space for economies of scale and market competition to survive the fittest, and continuously produce high-quality and low-price products, so that overseas customers can't stop. As Hong Kong's South China Morning Post quoted analysts as saying, one of the main reasons why many companies around the world continue to maintain deep ties with China is that China accounts for nearly one-third of global demand in some product categories. At the same time, China has also established Create a complete manufacturing ecosystem. "Even if in some cases the final assembly moves from China to Vietnam or India, you may find that the components are still coming from China. The nerve center of those supply chains is still in China."

R&D and innovation empower manufacturing in China. Once upon a time, Chinese industrial products were labeled as having “low added value” and had the embarrassment of “800 million shirts being exchanged for one airplane”. But now, Chinese manufacturing continues to advance into the track dominated by the West and gradually surpass it. This year alone, there has been constant good news for Chinese manufacturing: on January 1, the first domestically produced large-scale cruise ship "Aida·Modu" officially launched its maiden commercial voyage. According to AFP, as China actively develops key technologies As the industry seeks independence, its high-end construction capabilities continue to improve, and it is entering the large-scale cruise industry dominated by European shipbuilding companies for the first time; according to delivery data released on January 2, the United States Tesla lost the crown as the largest manufacturer of pure electric vehicles, and was replaced by a Chinese company BYD picked it up; on June 1, the domestic large aircraft C919 completed its first cross-border commercial flight; on June 7, the high-speed EMU of the Hungary-Serbia railway developed by China was unveiled in Serbia, marking the first time that China's high-speed EMU entered Europe... these Achievements are inseparable from R&D innovation. In the development of the C919 alone, my country has conquered more than 100 key technologies, including aircraft engine integrated design, fly-by-wire flight control system control laws, and active control technology, and submitted more than 10,000 patent applications. An article on the website of the Russian Council for International Affairs stated that “a new and powerful industrial and innovation center has appeared on the world’s technology map—China.” “Compared with the United States, one of China’s main advantages is its powerful capabilities and ability to achieve scale. Innovative manufacturing ecosystem”.

Effective policies escort the "charge" of China's manufacturing. If manufacturing enterprises want to develop and upgrade, they cannot do without the support of taxation, credit, law enforcement, talent and other factors. All of these are more or less related to public policies and are China's focus. For example, Reuters mentioned that China is working hard to become a manufacturing powerhouse for wind turbines, aviation parts, semiconductors and other commodities, and one of China's measures is to increase credit support for advanced manufacturing. An article on the website of the New York Times stated that China is far ahead in industrial policy. Its “unrivaled production of solar panels and electric vehicles is based on its earlier cultivation of chemical, steel, battery and electronic industries.” , as well as large investments in railways, ports and highways." "China's experience is to mobilize all means while encouraging fierce competition among private enterprises." When analyzing China's advantages in solar module manufacturing, a report on the Deutsche Welle Radio website also admitted that this is due to China's available investment capital and relatively relaxed business and regulatory environment. Even Molenhout, an adjunct associate professor at the School of International and Public Affairs at Columbia University, directly suggested that the United States learn industrial policy from China.