Financial crisis has resulted in Europe and the United States economy is in danger. Asia’s two most important economic power, Japan’s industrial structure in the future will be how to adjust? Secretary-General of the Asian Association of Manufacturers, Jun Luo, CEO and that the four trillion yuan driven by strong domestic demand will drive China’s manufacturing in the automotive, engineering machinery, high-speed trains, airplanes and other major technology to achieve rapid development. Japanese manufacturing strategic focus will move to China.
Romanian Army in China news agency reporters Cai Fang and Shi Biaoshi accepted by the international economic downturn, the Japanese yen and European trade barriers, high impact operation, to reduce Japanese manufacturing orders, market share, increased unemployment, loss of intensified international competitiveness are critical challenge. However, the Japanese manufacturing industry in China things are quite different, the Japanese manufacturing industry in the global industrial chain has been the most high-end, limited room for development, facing a transition. China industrialization of the traditional manufacturing industry, in the global industrial chain in the low-end, the technological backwardness of the majority of manufacturing enterprises and the production of mainly low-end products, the development of space is also very large.
It is worth noting that in many Japanese companies started to focus on the past, U.S. and Europe began to China, India and other emerging economies shift, and increased investment. Sharp Corporation of Japan and China will be the first co-production of LCD TV panels; Nissan this year will increase investment in Wuhan, comprehensively promote the electric vehicle commercialization process in China. Meanwhile, some Japanese companies began to withdraw from the traditional industries, new energy technologies into a comprehensive search for new technological revolution in order to achieve a new breakthrough, a group of new technology, high-tech industry is moved to China. Luo Jun believes that this is because the traditional industry in China faces homogeneous competition, the reasons for sharp decline in profit margins. And new technology industry is still in an absolute advantage in China’s vast market and bright future. The current round of Japanese enterprises are not part of the media heat transfer proposed “a large number of Japanese migration from China itself.”
According to reports, there are about 20,000 Japanese companies in China’s development, mainly for the manufacturing sector, the overall level of profitability is very good. At the recent industry forum on electric vehicles, Nissan Chief Executive Officer Toshiyuki Shiga said, joint ventures and subsidiaries around the world, the only Chinese company profits, the company now is to save the entire group. Similarly, Toyota, Honda and other large Japanese companies, although the growth rate declined by the global economic turmoil, but Japanese companies are still optimistic about China’s level of profitability.
Romanian military analysts say that while the financial crisis in China is relatively small, but the effect is still an objective. On one hand, Japanese companies continue to increase investment in China to expand market share; the other is to develop new products, adjust the industrial structure, and strive to the financial crisis, relying on new technologies and new products to capture new markets. Economic crisis, the energy saving and new energy industries, electronic information technology, biotechnology, equipment manufacturing and other fields, as Japanese companies have a perfect grasp of advanced technology, financial crisis, Japanese companies will further expand the market space and lead the industry. The Chinese manufacturing industry will further accelerate the pace of structural adjustment and industrial upgrading, and will further promote the industrialization process, to improve international competitiveness.
Luojun Jiang stressed that because the Japanese manufacturers are highly dependent on exports, the financial crisis was obvious. However, the impact of Japanese manufacturing by the impact of China’s manufacturing industry is very limited. As China’s manufacturing industry as a whole in the global industrial chain in the low-end, did not have to compete with Japanese manufacturing capacity. Meanwhile, China’s manufacturing products mainly for European and American markets in the low-end consumers. In particular, in the context of the financial crisis, the Chinese government introduced a four trillion domestic demand to promote programs aimed at promoting China’s manufacturing industry heavily dependent on external demand in the last case, adjusting the industrial structure.