The return of US manufacturing industry will have an impact on China's injection mold industry
guangzhou engineering plastic news
As country that mainly regards service-oriented economy,the United States
has the world\'s top research and development capabilities and technological innovation capability. At present, the United States proposes to regain the slogan of a manufacturing power and is actively developing manufacturing industry. With the rising labor costs in China in the recent two years, the return of the U.S. manufacturing industry is even more taken for granted.
The impact of the US manufacturing industry on the injection mold industry in China, the industry said that so far have not had much impact on the mold industry, the Chinese mold companies still have their own cost advantages. US mold companies in the local production of molds, the cost is still high, but the mold design made to the Chinese companies will do to save a lot of costs. However, in the long run, the return of U.S. manufacturing industry will have an impact on China\'s injection mold industry.
Although the domestic injection mold prices are relatively low, with cost advantages, but in fact this is the result of over-competition in the industry. The next 3-5 years, due to rising labor costs, die-casting competition between enterprises led to further squeeze profits, such a vicious cycle will make a lot of time without funds for technological innovation and upgrading of enterprises, facing the risk of being eliminated