Traditional Culture Encyclopedia - Traditional culture - What are the manifestations of the loss of traditional comparative advantage of China's manufacturing industry?
What are the manifestations of the loss of traditional comparative advantage of China's manufacturing industry?
Mainly manifested in:
1, raw materials rose sharply, which led to the increase of product prices.
2. The increase in workers' wages leads to an increase in labor costs.
The transportation price and cost are rising.
4. Environmental protection is increasingly strict.
To sum up, the above factors lead to the loss of traditional industrial advantages, and some factories flow to Southeast Asia.
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