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China has the most competitive manufacturing capabilities globally


Published Time:

2010-07-10

Deloitte's Global Manufacturing Group and the U.S. Competitiveness Council recently jointly released the "2010 Global Manufacturing Competitiveness Index." The report shows that acquiring talented individuals with innovative capabilities is the key for manufacturing companies to enhance their global competitiveness, surpassing traditional factors such as power, raw materials, and energy in importance. With relatively low costs and abundant support from highly skilled personnel, China's manufacturing sector is considered to have the strongest competitiveness both currently and in the next five years.

  Deloitte's Global Manufacturing Group and the U.S. Competitiveness Council recently jointly released the "2010 Global Manufacturing Competitiveness Index." The report shows that acquiring talented individuals with innovative capabilities is the key for manufacturing companies to enhance their global competitiveness, surpassing traditional factors such as power, raw materials, and energy. With relatively low costs and abundant support from high-tech talent, China's manufacturing sector is considered the most competitive both currently and for the next five years.

  The report indicates that in 2015, the United States' competitiveness will fall from fourth to fifth place, the only high-ranking country projected to decline. China and India will maintain their first and second positions, respectively. Over the next five years, the competitiveness of the three major manufacturing superpowers of the late 20th century—the United States, Japan, and Germany—is expected to decline. Other Western European countries will also face similar challenges, particularly the Czech Republic, the Netherlands, Switzerland, the United Kingdom, Ireland, Italy, and Belgium. The ongoing instability of the euro will exacerbate these problems. The report also lists a number of economies expected to lead the manufacturing competitiveness index over the next five years, including China, Mexico, Poland, Thailand, India, and South Korea.