Financial crisis enhances the competitiveness of Chinese enterprises
2022-11-16 03:06:04
"Under the impact of the financial crisis, the government has adopted some extraordinary economic stimulus policies, and achieved significant results on the macro level, but it also inevitably has a negative impact on the competition order of certain industries. But overall, the financial crisis for Chinese companies To enhance the impact of competitiveness, positive aspects are dominant.†Jin Hao, director of the Institute of Industrial Economics of the Chinese Academy of Social Sciences, said at the 2009 China Enterprise Competitiveness Annual Meeting.
Why is positive face leading? Jin Wei believes that under the impact of the financial crisis, the growth rate of enterprises has declined, profits have fallen, and even losses have occurred. However, Chinese companies still serve as the basis for macroeconomic regulation and control, ensuring that China becomes a major country in the world with a small number of economies that can sustain growth. Although China's export-oriented industries have been greatly affected, the international market share of China's industrial products has continued to increase. At the same time, China's international status and voice rights have significantly improved; China has become a passive defender and advocate country of free trade from the passive recipients of free trade; China will become one of the countries with the strongest infrastructure and the best development conditions; China The superiority of the development model has been demonstrated.
How can companies improve their competitiveness after the financial crisis? Kim Min believes that Chinese companies must find new paths to enhance their competitiveness. The financial crisis has accelerated the pace of adjusting the industrial structure and will adjust the industry competition rules and trade rules, which will pose challenges for Chinese companies to enhance their competitiveness. Chinese companies must be more economical, refined, clean and environmentally friendly in order to enhance their competitiveness.
Jin Hao pointed out that the most critical factor for China to enhance its competitiveness at this stage is technological innovation and cost advantages. So far, China's labor-intensive industries will still maintain a strong competitive advantage. At the same time, traditional labor-intensive industries are upgrading to new labor-intensive industries, that is, to labor-intensive links in the high-tech industrial chain.
"We can't give up the advantages of labor-intensive industries, but this advantage has to change a lot. Research shows that technological innovation and business model innovation are increasingly becoming the key to improving competitiveness. If you have entered the high-tech industry. Huawei, BYD and other companies that have demonstrated competitiveness are characterized by the combination of technological innovation and cost advantage. The case shows that China currently has a high value-added industry from low-tech, low value-added traditional labor-intensive industries. The conditions for the upgrading of new labor-intensive industries," Jin said.
He said that at this stage, there are opportunities for the development of Chinese enterprises. First, infrastructure construction has been greatly accelerated, and China is becoming one of the developing countries with the most superior infrastructure conditions. The second is the development of informatization and networking. After the financial crisis, it will once again stimulate a new round of innovation in information technology and network economy, which will provide technical support for the Chinese industry to achieve more economical, economical and cleaner. Third, the improvement of the quality of talents has transformed the advantage of China's low-quality labor force to medium and high quality, laying the foundation for realizing human resources in a wide range of technological innovations.
After the impact of the international financial crisis, the conditions and environment for Chinese enterprises to improve their competitiveness have undergone positive changes. In general, they have the strength and conditions to seek ways and new sources of competitiveness in a more economical, economical and clean production mode. . At this stage, the new path of actively promoting technological innovation and exploring low-cost advantages is a key factor in enhancing the competitiveness of Chinese enterprises.
Why is positive face leading? Jin Wei believes that under the impact of the financial crisis, the growth rate of enterprises has declined, profits have fallen, and even losses have occurred. However, Chinese companies still serve as the basis for macroeconomic regulation and control, ensuring that China becomes a major country in the world with a small number of economies that can sustain growth. Although China's export-oriented industries have been greatly affected, the international market share of China's industrial products has continued to increase. At the same time, China's international status and voice rights have significantly improved; China has become a passive defender and advocate country of free trade from the passive recipients of free trade; China will become one of the countries with the strongest infrastructure and the best development conditions; China The superiority of the development model has been demonstrated.
How can companies improve their competitiveness after the financial crisis? Kim Min believes that Chinese companies must find new paths to enhance their competitiveness. The financial crisis has accelerated the pace of adjusting the industrial structure and will adjust the industry competition rules and trade rules, which will pose challenges for Chinese companies to enhance their competitiveness. Chinese companies must be more economical, refined, clean and environmentally friendly in order to enhance their competitiveness.
Jin Hao pointed out that the most critical factor for China to enhance its competitiveness at this stage is technological innovation and cost advantages. So far, China's labor-intensive industries will still maintain a strong competitive advantage. At the same time, traditional labor-intensive industries are upgrading to new labor-intensive industries, that is, to labor-intensive links in the high-tech industrial chain.
"We can't give up the advantages of labor-intensive industries, but this advantage has to change a lot. Research shows that technological innovation and business model innovation are increasingly becoming the key to improving competitiveness. If you have entered the high-tech industry. Huawei, BYD and other companies that have demonstrated competitiveness are characterized by the combination of technological innovation and cost advantage. The case shows that China currently has a high value-added industry from low-tech, low value-added traditional labor-intensive industries. The conditions for the upgrading of new labor-intensive industries," Jin said.
He said that at this stage, there are opportunities for the development of Chinese enterprises. First, infrastructure construction has been greatly accelerated, and China is becoming one of the developing countries with the most superior infrastructure conditions. The second is the development of informatization and networking. After the financial crisis, it will once again stimulate a new round of innovation in information technology and network economy, which will provide technical support for the Chinese industry to achieve more economical, economical and cleaner. Third, the improvement of the quality of talents has transformed the advantage of China's low-quality labor force to medium and high quality, laying the foundation for realizing human resources in a wide range of technological innovations.
After the impact of the international financial crisis, the conditions and environment for Chinese enterprises to improve their competitiveness have undergone positive changes. In general, they have the strength and conditions to seek ways and new sources of competitiveness in a more economical, economical and clean production mode. . At this stage, the new path of actively promoting technological innovation and exploring low-cost advantages is a key factor in enhancing the competitiveness of Chinese enterprises.
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