Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / No Other Country can Replace China's Manufacturing Industry Including India

No Other Country can Replace China's Manufacturing Industry Including India

May 15, 2023 16:47

Source:SMM

In response to many investors' concerns about the transfer of certain manufacturing links in China to India, Southeast Asia and other places, at the Warren Buffett And Berkshire Hathaway’s 2023 Annual Meeting and China Investor Summit, Ren Xiangdong, deputy director of the Global Fund Management Department of Industrial Securities, said that it is not easy for a country to complete deep industrialisation and form a complete industrial chain. China has the most abundant manufacturing elements in the world, and other countries are far weaker than China.

China has the most abundant manufacturing elements in the world, and other countries are far weaker than China.

With regard to concerns about the transfer of industrial chains, the barriers of the manufacturing industry itself and the difficulty of large-scale transfer of Chinese manufacturing to other countries may have been underestimated.

More popular news:

'Bond King' Jeffrey Gundlach Says Sharp Fed Rate Cuts By Year-End Will Push Up Gold Prices

Copper Shortage Is Irreparable Even after Biggest Mergers and Acquisitions, Here’s Why

Rio Tinto Warns of Risks for Paying High Premiums for Lithium Mines after Plunging Lithium Prices Triggered Acquisition Rush

Goldman Sachs Lowers Price Forecast for Aluminium, Copper in 2023, Sees Nickel Price Plunging

Zinc Prices to Plunge by 2025, Here's Why

World Bank: Global Commodity Prices to Plunge Precipitously This Year at Fastest Speed since Covid Outbreak

G7 to Expand Sanctions Covering Metals on Russia, Promises Further Support for Ukraine

Citigroup Warns European Commercial Real Estate Values Will Plummet 40%, But Sees Medium-Term Opportunity

IMF: US Debt Defaults Will Take a Heavy Toll on Global Economy, Global GDP Growth Can Plunge

Goldman Sachs Warns of Serious Risks US Dollar Will Lose Reserve Currency Status on Debt Ceiling Standoff

BofA Sharply Lowers Forecast for Oil Price, Global Oil Consumption in 2023

UBS Raises China GDP Growth Forecast, Sees Earnings from China Stock Market Soaring, RMB Appreciating

Global Aluminium Inventory to Plunge Further amid Supply Headwinds, LME Aluminium Prices to React Fast

Takeaways of Warren Buffett and Berkshire Hathaway’s 2023 Annual Meeting

High Lithium Ore Prices in Australia will Drive Lithium Prices Rebound, Reasons Prevent Output to Grow

Sharp Output Cuts Led to Lithium Ore Shortages, High Import Prices Drove Lithium Salt Producers to Shut Down

US Treasury Bill Rates Soar to Record High on Debt Ceiling Jitters

No Other Country can Replace China's Manufacturing Industry Including India

SMM Daily Comments (May 9): Most LME Base Metals Closed Lower, SHFE Nickel Prices Plunge, Ferrous Metals Mostly Rose

SMM Daily Comments (May 12): SHFE Base Metals and Silver Prices Crashed, Most LME Base Metals Prices Went Down, Oil Posted 3-Day Losing Streak

SMM Daily Comments (May 16): Most Base Metals Prices Closed with Losses, SHFE Nickel, Stainless Steel Plunge, Oil Gained on G7 New Measures, US Strategic Petroleum Reserve Replenishment and Supply Concerns

SMM Daily Comments (May 17): Most Metals prices Rose, Ferrous Metals Jumped with Coking Coal soaring 3.29%,Oil Went Down on Surprise Inventory Growth, Poor China Economic Data and IEA Doubt on Russia Cheating on Output Cuts

SMM Daily Comments (May 22): Metals Prices Mostly Fell, Zinc Plunged to over 2-Year Low, Coke Slumped, Fears over US Debt Ceiling and China Demand Structural Issues Weigh on Oil

A Bull Gold Market Has Just Begun

Fitch Ratings Raises Saudi Arabia IDR, Says World Bank Reason and High Dependence on Oil Remain a Weakness for the Country's Rating

Global Key Base Metals Face Supply Glut, Severe Oversupply for Aluminium, But There Is a Global Copper Shortage

Buffett Talks about Banking Crisis and Bank Stocks He Bought, Munger Warned Commercial Real Estate: the City Will Be Seriously Hollowed Out

Macro economy

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Chongqing issued the Notice on Further Optimizing the Use of Housing Provident Funds on August 11.

Aug 11, 2023 17:53

Industry

Chongqing: Records of sold houses and settled commercial personal housing loans are not used as the basis for determining the number of housing units

China’s Central Bank: There will be no deflation in the second half of the year, and CPI is expected to move closer to 1% by the end of the year

Liu Guoqiang, deputy governor of the People's Bank of China, said that China's M2 and economy kept growing, and there will be no deflation in the second half of the year.

Jul 20, 2023 14:59

Industry

China’s Central Bank: There will be no deflation in the second half of the year, and CPI is expected to move closer to 1% by the end of the year

China’s Central Bank: The weighted average interest rate of new housing loans is 4.18%, 107 basis points lower than that of the same period last year

Liu Guoqiang, deputy governor of the People's Bank of China, said at the press conference of the State Council Information Office on July 14 that in the first half of the year, the People's Bank of China promoted financing costs of the real economy to go stable-to-lower.

Jul 20, 2023 14:57

Industry

China’s Central Bank: The weighted average interest rate of new housing loans is 4.18%, 107 basis points lower than that of the same period last year

Heilongjiang will usher in the largest precipitation process since the flood season and start the four-level emergency response for flood control

The Heilongjiang Provincial Meteorological Bureau predicts that from July 13th to 16th, Heilongjiang will usher in the largest precipitation process since the flood season.

Jul 18, 2023 17:20

Industry

Heilongjiang will usher in the largest precipitation process since the flood season and start the four-level emergency response for flood control

General Administration of Customs: In the first half of the year, China's foreign trade import and export increased by 2.1% year-on-year

The State Council Information Office held a press conference at local time 10:00 this morning. The relevant person in charge of the General Administration of Customs introduced that China's foreign trade import and export increased by 2.1% year-on-year in the first half of the year, hitting a record.

Jul 18, 2023 17:09

Industry

General Administration of Customs: In the first half of the year, China's foreign trade import and export increased by 2.1% year-on-year

China Top Conglomerate Wanda Denied Rumours

Wanda Group issued a statement on its official website, denying the online rumours.

May 25, 2023 17:26

Industry

China Top Conglomerate Wanda Denied Rumours

Belarus Plans to Abandon Dollar and Euro Settlement with Some Trading Partners by End of Year

Belarus plans to abandon the use of the US dollar and the euro in trade settlements with other countries in the Eurasian Economic Union by the end of 2023, First Deputy Prime Minister Dmitry Snapkou said in a speech to parliament on May 24.

May 25, 2023 14:54

Industry

Belarus Plans to Abandon Dollar and Euro Settlement with Some Trading Partners by End of Year

Industry insiders Say International Bulk Commodities Prices Will Hardly Improve in the Second Half of the Year as Demand Dropped Significantly

"Don't hoard goods." Recently, some industry insiders have suggested on social media that the commodity market can hardly improve amid oversupply, and it is not advisable to hoard goods.

May 24, 2023 16:48

Industry

US Treasury Department’s Higher Cash Balance Provides a Buffer

The amount of money available to pay bills in the US has increased, providing a respite for the government as it struggles to maintain spending until it finds a solution to the debt ceiling.

May 24, 2023 16:46

Industry

US Treasury Department’s Higher Cash Balance Provides a Buffer

How Will a Weaker China Yuan Affect China A-Shares and Domestic Economy? Here’s the Answer

What impact will it have on the domestic economy in the process of recovery? Meanwhile, investors are particularly concerned about the impact of exchange rate fluctuations on A-shares.

May 24, 2023 15:00

Industry

How Will a Weaker China Yuan Affect China A-Shares and Domestic Economy? Here’s the Answer

SMM Events & Webinars

All

Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China
Apr
16
- CLNB 2025 (10th) China International New Energy Industry Expo
  Apr 16 - 18,2025
  Suzhou International Expo Center, Jiangsu, China

No Other Country can Replace China's Manufacturing Industry Including India

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo

CLNB 2025 (10th) China International New Energy Industry Expo