Is Europe the biggest victim of America's revival

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Is Europe the biggest victim of the revival of manufacturing in the United States

how will the return of American manufacturing industry change the world economic pattern? This issue has recently become a hot topic of concern to Chinese people because of the recent expansion of Fuyao Group's investment in the United States and Mr. caodewang's comments on the business environment of the manufacturing industry in China and the United States. There is a view that manufacturing has become a trend to return to the United States. But the biggest impact in the process of revitalizing the manufacturing industry in the United States is not China, but Europe. Because China and the United States are relatively complementary in manufacturing and compete differently, they are similar in industrial structure and form a direct competition relationship with Europe. The biggest loser in the revitalization of American manufacturing industry is Europe

this conclusion is not completely unreasonable. Compared with Europe, the United States benefits from the exploitation of shale oil and gas, which means that its energy price will be more attractive. In addition, compared with the overall high welfare and high tax policy in Europe, the United States has a considerable advantage in the flexibility of the labor system. Finally, since Obama put forward the strategy of revitalizing the real economy, the U.S. government has firmly implemented the policy of encouraging the return of manufacturing industry. President elect trump announced that he would crack down on American enterprises that transfer production lines to foreign countries and reduce taxes for enterprises that invest in domestic manufacturing industry. On the contrary, marked by the brexit referendum, European integration is challenged by populist forces in various countries, and Europe faces the risk of re division. With each passing day, it seems that the European manufacturing industry at a disadvantage will become the victim of the return of American manufacturing industry

however, the economic data in January this year revealed an answer diametrically opposite to the above logic. The purchasing managers' index of manufacturing in the eurozone reached its highest level in nearly five years. It is worth noting that the rebound in manufacturing in the euro zone is not unique to Germany. The manufacturing industry in France, Italy, Spain and other EU countries has also been improving in the past two years, and continues to expand. The UK manufacturing index, negatively affected by brexit, also climbed to its highest level in nearly two and a half years. European manufacturing industry does not seem to be affected by the return of American manufacturing industry, but shows a synchronous recovery trend

why is Europe not afraid of manufacturing returning to the United States? First of all, thanks to the strong foundation of European industry. According to statistics, it can also be dissolved in water. In addition to Canada and Latin America, the export volume of European industrial zones in all other regions of the world is greater than that of the United States. As for industrial robots that will play a key role in the manufacturing industry in the future, Europe also has obvious advantages over the United States. Europe not only has first-line industrial robot manufacturing enterprises such as KUKA and a, B and B, but also has obvious advantages in the number of industrial robot equipment. According to the statistics of the international robotics Association, by the end of 2015, Europe had equipped 520000 industrial robots, twice that of the United States. This means that Europe will occupy a leading position in the field of manufacturing in the future

while the United States started to revitalize the manufacturing industry, European governments also formulated and implemented policies to revitalize industry or build future industry. The efforts of EU and European governments to revitalize the manufacturing industry began around 2011, when the European debt crisis was the most serious. Its original intention was to deal with the impact of the rise of emerging industrial countries, especially Asian manufacturing, on European manufacturing. It is estimated that although the industrial output value of Europe accounts for only 15% of the gross national product of Europe, 80% of innovation and 75% of exports come from the industrial field. Recognizing the harm of deindustrialization, EU countries have launched their own industrial revitalization plans, among which the national strategic plan for Industry 4.0 proposed by Germany has aroused great repercussions all over the world

in fact, besides Germany, at least ten EU countries have proposed national strategies to upgrade and improve manufacturing. Among them, France, the second largest industrial country, is the most representative. France is one of the countries with the most stringent de industrialization in the euro zone and has entered people's real life. After the socialist government came to power in 2012, it set up the Ministry of industrial revitalization and launched the new industrial France plan. The plan focuses on the digitalization and intelligent transformation of industrial production to strengthen France's competitiveness in the fields of environmentally friendly vehicles, new medicine, new energy, advanced rail transit and so on. French Minister of economy marcone made it clear that he would not use the trapezoidal screw, saying that he would learn from the German industrial 4.0 plan and carry out French German cooperation to strengthen the central role of the two countries in the process of European Reindustrialization. At present, the Reindustrialization strategy of France has curbed the trend of job outflows in the French manufacturing industry, and the number of manufacturing employment has begun to rise. Multinational enterprises such as Renault Nissan have begun to expand investment in the production sector in France

finally, the revitalization of manufacturing in the United States is also good for Europe. The development of shale oil and gas in the United States not only reduces the energy price in the United States, but also curbs the rise of global energy prices, which is also beneficial to Europe, which is highly dependent on imports of oil and gas resources. The sustained recovery of the U.S. economy and the Federal Reserve's interest rate hike led to the rise of the value of the dollar, and the exchange rate of the euro against the dollar gradually approached the lowest point since 2004. This reduction in the insulation resistance of experimental machine components means that the European economy is enjoying the advantages of low currency value, low energy price and low interest at the same time, which is of great benefit to the European manufacturing industry in reducing production costs, expanding production scale and promoting export

in short, revitalizing the manufacturing industry is not so much the strategy of the United States as the common choice of western countries today. The European manufacturing industry with strong foundation and active action has not been hurt by the wave of Reindustrialization in the United States, but has strengthened itself. This phenomenon is worthy of reference and response by relevant people in China's manufacturing industry

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