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Impacts of Rising Cost of Generalized Factors on China's Manufacturing Industry and Policy Options

Oct 13,2015

Contents

Part One: General Research

Chapter One: The Overall Impact of Rising Factor Cost on Industrial Competitiveness

1. The Rise of Factor Cost and Factory Price Index since the Turn of the New Century

2. The Measurement and Data Specification of the Impact of Rising Factor Cost on Competitiveness of Industrial Product

3. China has Entered a Period When Wage Increase is Faster than the Increase of Productivity

4. The Rising Factor Cost Dramatically Increases the Comprehensive Cost of All Industries and the Pressure of Increasing Cost

5. The Impact of Rising Factor Cost on Competitiveness of Foreign Trade

6. Conclusion

Chapter Two: Experience of Japan, South Korea and Germany in Responding to the Rising Factor Cost and Enhansing Industrial Competitiveness

1. Major Periods in Which Rising Factor Cost Affects Industrial Competitiveness of Japan and South Korea

2. Mechanism and Outcomes Resulting from Rising Factor Cost Affects Industrial Competitiveness in Japan and South Korea

3. Ways and Experience Relating to Upgrading of Industrial Competitiveness during the Period of Rising Factor Cost in Japan and South Korea

4. The Vitality of Manufacturing Industry to German's Economy

5. Rising Factor Cost for German's Manufacturing Industry

6. Ways Adopted by Germany to Cope with Rising Factor Cost and Maintain Competitiveness

Chapter Three: Strategies and Ways to Achieve Factor Upgrading

1. The Imperativeness to Cultivate Advanced Factors While the Cost of Elementary Factor Keeps Rising

2. The Conception of Factor Upgrading

3. The Cultivation and Development Trend of Advanced Factors in China

4. Strategies and Ways to Upgrade Factors in China

Chapter Four: Echelon Transfer and Industrial Clustering Development in Light of Rising Factor Cost

1. Rising Factor Cost and Regional Discrepancies

2. The Impact of Industrial Echelon Transfer on Competitiveness in Light of Rising Factor Cost

3. The Trend of Industrial Competitiveness Promoted by Industrial Echelon Transfer

4. Problems Arising from the Promotion of Industrial Echelon Transfer, the Development of Industrial Cluster and the Enhancement of Industrial Competitiveness

Chapter Five: Policy Options on Ways for Maintaining and Promoting China's Industrial Competitiveness in Light of Rising Factor Cost

1. Give a Full Play to Market Mechanism and Release the Vitality of Various Industries

2. Step up Technological Innovation and Upgrade the Quality and Ability of Industrial Innovation

3. Increase Investment in Human Capital and Push Forward the Transformation from “Population Dividend” to “Talent Dividend”

4. Increase Investment in Intangible Asset and Launch New Factor-based Growth Strategies

5. Propel Displacement of Labor by Machinery According to Changing Circumstances

6. Build Diverse Channels for Financing and Strengthen Financial Support

7. Expand Market Demands Both at Home and Abroad and Strengthen New Driving Forces for Industrial Development

8. Give a Full Play to Factors' Comparative Advantage and Promote Industrial Echelon Transfer

9. Push Forward Government's Leading Position in the Transformation of Relevant Functions and Upgrade Government's Ability in Making Scientific Decisions and Raising Service Level