In the future, Southeast Asian manufacturing will replace Chinese manufacturing, what are the facts?

Mondo Finance Updated on 2024-01-19

In recent years, Vietnam, the Philippines and other Southeast Asian countries have developed rapidly. There is no doubt that Southeast Asia has become a global economic hotspot, and a large number of Chinese companies have even relocated to Southeast Asia. Southeast Asia has attracted a large number of world-renowned companies, including South Korea's Samsung, Japan's Toshiba and so on.

The question is, can Southeast Asia replace China and become the world's next factory in the future?

To be sure, Southeast Asia does have the possibility and conditions to replace China's position as the world's factory.

Southeast Asia and China also have huge populations, which can give full play to the advantages of demographic dividends. In particular, Southeast Asia is strategically located, with most countries adjacent to international waterways.

However, in fact, these are not the key to whether Southeast Asia can replace China's position as the world's factory.

The fact is that Southeast Asian countries, including Vietnam and the Philippines, have experienced rapid economic development in recent years, and the fundamental reason for this is that these countries have been able to grasp the law of economic development, occupy the commanding heights of economic development, and find the results of the right direction of economic development.

In the final analysis, if the economic development of Southeast Asia in the future can better grasp the law of economic development than China, and can better occupy the commanding heights of economic development, the direction of economic development can be more correct. Southeast Asia has the absolute potential to replace China as the world's factory.

However, in fact, China's advantages in Southeast Asia are simply not available, and the shortcomings of Southeast Asia do not exist in China at all. For example, the industrious wisdom of the Chinese, China's policy advantages, China is a unified country, and Southeast Asia is an economy composed of many countries, and so on. In addition, there are various contradictions in Southeast Asia, such as religious contradictions, regional contradictions, and so on.

In the final analysis, even if South Asian countries can better grasp the laws of economic development than China, occupy the commanding heights of economic development better, and find the right direction of economic development better, they may not be able to surpass China and replace China.

Moreover, it is obvious that China's economic development is certainly easier than Southeast Asia to grasp the law of economic development, more able to occupy the commanding heights of economic development, and more able to find the right direction of economic development.

To be sure, it is extremely difficult and unlikely for Southeast Asia to replace China's position as the world's factory.

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