Moving to Southeast Asia, India, Europe and America
Recently, full screens are the words of the United States to impose tariffs on Chinese exports. Many experts and scholars are worried about the future and fate of private enterprises, but many entrepreneurs have responded with alarming mildness. They have already been used to survive in the cracks of various policy and find various solutions to maintain the company's operations.
For thousands of years, tens of millions of Chinese have been far away from the hometown to built factories overseas and have achieved great success. Nowadays, a new wave of overseas factory construction boom has been quietly surging. We found that many Chinese bosses have deployed in Southeast Asia, Europe and America, and even Africa or South America.
For the packaging and printing industry, the best way to unlock the Sino-US trade war and the decline of consumption is to build the production lines overseas,following the steps of their customers.
In September, the US is likely to impose a 20% tariff on 200 billion US dollars of Chinese goods. Many customers of packaging and printing companies have already predicted that this will cause a large number of enterprises to close down, and to avoid high tariffs, began to move production plants to Southeast Asia.
At present, China's packaging and printing companies have already established a foothold in Southeast Asia. Yutong has branches in Vietnam and India. Hexing has entered the Southeast Asian market with the acquisition of international paper. Meiyingsen and Hongxing Printing have also begun to make a leap forward.
US government is extremely simple and efficient and Americans are very wealthy. Americans consume more than 30% of the world's output.
Moreover, the production cost in the US is comparable to that of China. In addition to labor costs, the US has obvious advantages in land cost, government subsidies, logistics, customs clearance, energy and other costs. Many Chinese enterprises have invested in US, such as Fuyao Glass. In fact, Haier established a factory in the United States in 1999, TCL acquired Schneider and Thomson, and Lenovo acquired the US Motorola mobile phone business... Chinese companies have already had good strength in the United States.
After 30 years of rapid development, China's market has become saturated. As the population ages, corporate evacuation and high debts, the overcapacity of the domestic packaging and printing industry will be very serious.
