Indian textile orders transferred to China!!!

  Normal market behaviour

   plastic molding company news, to India many export textile enterprises because of the epidemic situation can not guarantee delivery, many orders transferred to China's production, Ministry of Commerce foreign trade director Li Xingqian said: sincerely hope that India can soon contain the epidemic, restore normal production and life. Each of us is a consumer, in the face of diversified market supply, procurement will compare goods, select quality and cheap and reliable businesses and products, international trade is the same. It is a normal market behavior for multinational companies to adjust order production globally and international buyers to select suppliers according to production capacity.

Situation of precision injection molding industry

 Earlier Japanese companies took orders to India, Vietnam.

 but they can't finish the customer's order. The first is precision mold production capacity, they can be said to be blank, after 40 years of development. Injection molds in China have formed a complete supply chain, and even high-end molds in the United States, Germany and the United Kingdom are produced in China. Whether quality or price, or service is the most first-class, the most competitive.

 This year's trade war brought too many political factors into normal trade, the United States both sides of the game is not good for everyone. But one thing is the fact that business people are very practical, where things are good I buy. Trade has nothing to do with politics.

China's manufacturing industry is facing a real crisis

What is the impact of the accelerated transfer of American companies to Vietnam and India on Chinese manufacturing?

 Apple has planned to move 20% of its iPhone production base to India, which means that Apple phones will be purchased later Could be "made in India". Apple isn't the only company, India says more and more U.S. companies will "leave India ". Modi and Apple and other U.S. companies in December 2019, according to the Indian newspaper The Economic Times executives meet and hope they transfer part of the production line to India. India has earmarked about 461,000 hectares of land nationwide Land, for the use of relevant U.S. enterprises, and has actively contacted more than 1000 U.S. enterprises, hoping that they "leave India ".

 Recently, US President Donald Trump has repeatedly expressed his desire to strengthen cooperation with India. In the current context of complex international relations, A stronger U.S. connection with India and a shift of business to India will inevitably affect the global industrial chain, the economies of India, the United States, and China。

 All have significant effects. In addition to the US, the EU is focusing on India。 CNMOULDING note that, in addition to the U.S., India is also in deep contact with companies in major European countries, many of which are already Talking to India. More importantly, by the end of 2019, India refused to join China, Japan, Australia and  ASEAN's RCEP", are negotiating free trade with the EU. Apparently, in India's eyes, the EU is largely a Developed economy, while India is currently a developing country, have strong economic complementarities —— India can Export labor-intensive products to the EU, introduce the EU's high-tech products, introduce the EU's capital and technology, and provide its own labor Force...

 The current media do not report on the extent of free trade negotiations between India and the European Union, but if the two sides agree, that is invisible

 China has also significantly increased India's ability to attract enterprises from large European countries, which will give India a huge boost to development and export markets 。Vietnam, too, has attracted the U.S. and European attention. In addition to India, the U. S. and Europe's eyes also stopped in Vietnam, many multinational groups have transferred part of the production line to Vietnam. As a result, Vietnam's total exports and imports have grown significantly more than its GDP. Data show Vietnam GDP 2019

 About $260 billion. But imports and exports totaled $516.96 billion, about twice the GDP. More importantly, Vietnam's Foreign trade is growing faster than GDP, and the gap is expected to widen. Although current Vietnam, India introduced the United States The number of European enterprises is relatively small, and the introduction is mainly downstream of the industrial chain. But if it continues, it will

 It is possible to add several "world factories" to boost the economic development and trade of goods in India and Vietnam and boost the global economy of both countries. The status of the Jige Bureau, reducing China's ability to attract foreign investment, and the possibility of changing the current world economic development pattern, its overall shadow

 Sound can not be ignored. Of course, India and Vietnam have many drawbacks. For example, there is a caste system in India and the cultural level of the population is low. There are big differences in policies, such as the gradual weakening of Vietnam's labor cost advantage and the size of its own market is not the most ideal environment for the development of foreign capital. Striving upward in the difficult situation will be the direction of all Chinese mold makers and the injection molding industry in the future.