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Himfr.com Reports The Environment Faced By The OEM Industry Deteriorated Seriously In 2008
Due to its abundant cheap labor power source, gigantic market demands and relatively complete industry chain, China has become the manufacturing center of the world, providing various kinds of products for the global market.
The raise of the manufacturing ability makes China's demands for various mechanical equipments maintain a rapid increase. Apart from that foreign advanced production equipments are introduced in large numbers, Chinese domestic machinery manufacturing has made great progress.
The foreign machinery manufacturers has shifted their factories to China one after another, or builds new factories in China, to meet the demand of China's manufacturing industry for advanced equipments.
Chinese domestic brands also have great development, with both the technology and the output increasing greatly. The output of textile machinery, plastic machinery, rubber machinery, elevator, and hoisting machinery all rank first in the world.
With the fast development of OEM industry, the market and the policy environments are also under continuous adjustment. But facing with the new economic situation in 2008, the situation it is confronted with was greatly different from that of the last several years, deteriorating to some degree. The main influences are as follows:
1. In terms of the market environment, influenced by the cost increase of raw materials and labor power, OEM manufacturers have faced with a lot of pressure. 2. In the second half of 2008, influenced by the shrink of global demands caused by the financial crisis, the export received serious impact, and medium and small enterprises suffered especially great losses. 3. In 2008, Chinese domestic real estate market and the automobile market rapidly dropped and kept in depression, exerting great influences on many related downstream industries.
In summary, under the circumstance of the deteriorating market environment at home and abroad, OEM enterprises were confronted with serious situation in 2008. It is worth mentioning that with respect to policy environment, to cope with the financial crisis, the government has released a series of positive policies to fuel the economic growth.
The raise of export rebate rate, the expand of government investment, the policy of the home appliances going to the countryside, and the 4 trillion RMB fiscal expenditure all play an improving role in mitigating the current economic pressure.
Besides, under the financial crisis, the government and many enterprises have realized the importance of upgrading industries and raising products' technical level more profoundly, which has a great positive significance to the long-term development of automation product market.
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