China government officially released GDP growth at 7% in the first half of 2015. However, civic researches showed a declining actual economical data. China government proposed solutions to stimulate the entity economy. China, being the super manufacturing country, the electronic manufacturing situation as part of China entity economy has been a big concern. It becomes an important signal of global stagnating economy.
Industry insiders from other countries disclose that recession could be traced clearly in electronics manufacturing industry. A lot of companies are struggling to survive. But what caused the economic downturns trend?
China experienced the last ten year of economy growth pattern of investment-led. Now the “train” is slowing down. As the total GDP is growing, guarding the figure 7% is extremely difficult, even reflecting some political factors. Nowadays, China government is starting to advocate new economical concepts of “The Belt and Road Initiative”, “Internet +”, “Made in China 2025”, etc, aiming at breaking out of the old economical patterns and shaping China new economical pattern, representing by new manufacturing industry, new trading industry and hi-tech manufacturing power.
Every conversion is slow and painful. However, history told the regulations which China government insisted would gain the expected results in the end. It owes to the only one Party in China. As a result, in the same time of facing economical decline and looking for solutions, we need to foresee the influence to the world due to the conversion of China future economical patterns. The economy-led to Europe and Asia by “The Belt and Road Initiative”, AIIB couldn’t be ignored.
For those enterprises involved in oversea trading, seizing the opportunity of present China capacity output and capturing the positives brought by future economy pattern conversion would be meaningful in terms of strategic decision.