Related News
Home » Business » Manufacturing
China losing out to US in cost advantage
Print Edition
CHINA’S manufacturing industry is losing out to the United States in cost advantage, a report has suggested.
Prices of energy, logistics and some raw materials in China have surpassed those in the US, according to the 2015 China Purchasing Development Report, released yesterday by the China Federation of Logistics and Purchasing.
The report said the US has slashed its energy costs with exploitation of shale gas, raising the competitiveness of American manufacturers.
“Many raw materials are cheaper in the United States,” the report said. “For example, US cotton is 30 percent cheaper than that in China.” It also pointed out China’s price disadvantages in sectors including logistics and industrial land.
Citing a survey by the Boston Consulting group, the report said the cost advantage of China’s manufacturing industry over the US has plummeted to 4 percent in 2014 from 14 percent in 2004.
“If the trend continues, China’s cost advantage in manufacturing could be completely wiped out by 2020,” the report predicted.
It suggested China steps up innovation and relies on made-in-China equipment and Chinese brands to sustain economic growth in the future.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
