U.S. Super 1/3 High-tech Manufacturing Plan Moved Back to China from China

According to the "First Financial Daily" report, for large U.S. companies, holding high on the "Made in the United States" has become a necessary means for market PR in a depressed economy. Google mentioned in a related news conference that the newly launched wireless home media player NexusQ is completely designed and manufactured in the United States.

The return of U.S. manufacturing is part of the U.S. reindustrialization plan. The 2008 financial crisis was considered by experts to have its roots in the "de-industrialization" of the 1980s. From 1979 to 1993, the number of jobs lost in the U.S. manufacturing industry was 2.3 million. The "US Manufacturing Industry Promotion Act," which came into force in August 2010, aims to help U.S. manufacturing companies reduce their production costs, increase their international competitiveness, boost the manufacturing industry, and create more jobs.

In this context, many high-tech industries in the United States have returned to their nests. A recent survey by the Boston Consulting Group shows that more than one-third of manufacturing executives headquartered in the United States plan to switch production from China back to the United States, or are considering this approach. These companies have annual sales of 10 Billion dollars or more.

With the rise in energy prices, the rise in transportation costs has also led to the withdrawal of companies with smaller production scales. Finally, high-tech, automotive components, household appliances, and other fields will be the main force of the first batch back to the nest due to high quality requirements.

Comments: At present, U.S. manufacturing manufacturing is still difficult to define as "recovery." However, the inherent cost advantages of manpower and exchange rates in emerging markets are gradually weakening. At the same time, the advantages of advanced economies in terms of talent, environment, and services cannot be replaced. This actually sounds an alarm for the manufacturing industries in emerging economies. (Comment: Peng Tao)