At about eight o'clock on Friday morning, the campus of Fudan University's Handan campus seemed a little deserted, and a few birdsong made it even more quiet. Winter vacation is about to begin.
Last night was a chaotic night, but for Jing Gao, it was just normal. In essence, Song Yan and his status have long been unequal. Even Song Yan's father, Song Heng, was not worthy in terms of assets in front of him.
Of course, it is very pleasant to be able to "take down" a small silver coin hiding in the shadows and ready to attack him at any time.
Jing Gao came to Fudan University again the next day. This time, I was not looking for Wang Hanjun, but Professor Wei from the School of Economics.
Professor Wei's graduate student Luo Zhongjun has graduated and entered Xia Shang Textile Works. Mainly to provide research on development strategies for Xia Shang Textile.
With China's industrial upgrading, the appreciation of the RMB, and the independent transfer of low-end industries to Southeast Asia, where China's textile industry will go is a big issue in itself.
"Xiao Jing, sit down." Professor Wei smiled and moved Jing Gao to the chair in the office. An ordinary-looking female graduate student arrived for two cups of tea.
After chatting for a while, Professor Wei talked about his latest research results, "I went to Beijing for an academic conference some time ago. I chatted with Professor Zhai from Renmin University and was quite inspired. He is doing research on political economics. He has a From this point of view, China must control industrial transfer in an orderly manner."
Jinggao took out his notebook and pen directly from his pocket and listened carefully. A good memory is worse than a bad pen. He previously studied at Erben University and had little opportunity to come into contact with top-level professors in various industries. During this time, he gained insights as he came into contact with more things.
When such a top professor talks to you, he may often talk to you in one sentence, a small logical structure, which is the refinement of his years of research results and thoughts. It made sense to me at the time, but if I don't review it afterwards, I might forget it that day.
How much effort does it take to read the professional works of these professors? How can it be as concise, relaxed and clear as face-to-face communication?
When writing a book, you generally need to clearly describe a knowledge system! How I went about researching this topic, one, two, three, four...! Such. Tall buildings rise from flat ground. This is the difference between professors and civil servants! In Minke and Bihu, just talk about a few arguments and terms, and then come to a conclusion.
What about your research methods? What economic theories, mathematical methods, or sociological laws did you use to derive your conclusions from the data? This logical thing is wrong, how can the conclusion drawn be reasonable?
Of course, many “experts” don’t even bother to show you the data. Just a mouth and a keyboard.
Furthermore, have your arguments been verified? Didn't you come to this conclusion based on data from newspapers or rumors in a certain year and month?
A certain guest said: Don't be superstitious about professors. We must think independently and look at problems rationally, neutrally and objectively. Oh, I'm sorry, I wrote the names of places and people wrong. Let me correct you and let’s continue the discussion…
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Professor Wei was very satisfied. Nonsense, a boss with a net worth of over 100 billion comes to visit and listens as carefully as a student. Any teacher who has stood on a three-foot podium will be satisfied. He said slowly: "
Professor Zhai's core point is that with the appreciation of the renminbi, some low-end industries in China are bound to flow out. For example: motorcycle manufacturing industry, clothing factories that make clothes, socks, and shoes. And these manufacturing industries will not flow to the northwest and inland areas because labor is cheaper. Because the whole of China is a circulating market. Local young people are not willing to earn hard money on the local assembly line going to factories.
The transfer of these low-end manufacturing industries can refer to the manufacturing transfer in the United States that year. The location of its transfer is not random. The first choice is an area where it has garrison or can control and influence. For example, benzene. After World War II, Asia's economy took off. Regardless of whether we accept it emotionally or not, in the beginning, Japan and Benzene were the leaders.
Who are the four little dragons? South Korea, Singapore, Hong Kong Island, Wanwan. Then there are the four little tigers. Our mainland region is the lowest part of the entire globalized industrial chain. However, we still relied on our efforts to become the economic engine of Asia and even the world thirty years later. Now it is our turn to think about where low-end manufacturing will flow. "
Jing Gao listened thoughtfully. He roughly understood the reason why Professor Wei gave him this point of view.
The downstream of the textile industry is the low-end manufacturing industry, which needs to be transferred out. So, will the low-profit businesses operated by Xia Shang Textile be transferred out? Where to turn?
Moreover, because he recently applied for Phoenix Pay to do business in Chengdu, he decided to invest in the construction of a Coolpad mobile phone production factory in Chengdu. According to his idea, he wanted to do something big. Doesn’t this go against what Professor Zhai said?
Jing Gao said doubtfully: "Professor Wei, I don't quite understand this. The manufacturing industry will not move to the inland or southwest because of cheap labor. Then the local young people can't find jobs. If they don't work in factories, they will Where is it?"
Professor Wei smiled slightly, took a sip of tea, and said: "To understand this point of view, we must understand two premises. First, the so-called low-end manufacturing industry has low added value. That means low profits. Second, with the development of China With industrial upgrading, the RMB will become stronger and stronger, and appreciation is a major trend. Can this be understood?"
Igao nodded. He could understand these two points.
It is a well-known fact that manufacturing profits are low. For example, in the foundry field, which can absorb a large number of jobs, he has read internal documents and found that Foxconn's profit margin is around 5%. Of course, some high-end manufacturing is very profitable.
The general trend of the RMB is appreciation, which he agrees with. Whether the RMB appreciates or depreciates depends entirely on whether you believe in the "China collapse theory." If you don’t believe it and think that China is rising and reviving, then it must be an appreciation.
Professor Wei added: "Understanding these two points, it is easier to understand Professor Zhai's point of view. You have to change the perspective and look at it from the perspective of capital, operations, and profits.
From the cognitive point of view just now, there is a large amount of cheap labor in the Southwest and the Mainland, so low-end manufacturing can also be transferred to these places. The internal logic is that the factor of labor is cheap. But have you considered the shipping costs?
Why did domestic manufacturing first appear in coastal areas? At that time it was called processing trade with supplied materials. Why? Because sea shipping is cheap. If the factory is located in an area away from the coast, the transportation cost of raw materials and time cost will be enough to wipe out the price profit of the saved labor factor.
Second point, no matter how cheap labor is in the mainland and southwest, do you think it will be cheaper than human capital in countries such as Bangladesh and Vietnam against the backdrop of RMB appreciation? Will not. Therefore, the current phenomenon is that low-end manufacturing along the coast will flow to Southeast Asia instead of inland. Some local young people cannot find good jobs. "
Igao understood. Combined with his own situation. First, some lower-profit areas under Xia Shang Textile Group need to be prepared to be transferred out. The key is that Xia Shang Textile itself operates low-profit businesses.
In other words, the industrial upgrading of Xia and Shang Textiles must be accelerated. Otherwise, Xia Shang Textile will not be competitive and will die. Not to mention developing into a leading textile company worth hundreds of billions.
Second, Coolpad’s mobile phone manufacturing plant in Chengdu must control its scale and try its best to meet the product demand in the southwest region. If he is interested in the scientific and technological resources in Chengdu and mountain cities, it would be best to establish a research and development base. rather than a manufacturing base. If you want to engage in manufacturing in Chengdu, you must engage in areas with high profits.
What an enlightenment! Today's visit to Professor Wei was quite fruitful.
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Professor Wei smiled slightly, looked at his watch, and said, "It's still early, I'll take you to see Professor Shen of Guoguan College. Let's go."
