U.S. Manufacturing Regression On Impacts On Chinese Competitiveness Of Manufaturing Exports Competitiveness

In2008, the United States and the global financial crisis had brought a huge impact. Countries have recognized the importance of the real economy. United States as the world’s dominant manufacturing country, which pioneered the manufacturing regression strategy. China with cheap labor also developed a manufacturing country, but its products are mostly low-end chain products. The Chinese government also adjusts manufacturing industry actively and accelerates the upgrading of China’s manufacturing export competitiveness. So the return of U.S. manufacturing strategy and strategic transformation of China’s manufacturing industry overlap, it is bound to China’s manufacturing export competitiveness impact.This paper aims to study the strategy for our country to deal with the impacts of the U.S. manufacturing sector regression, from the perspective of the influence on China’s competitiveness after U.S. manufacturing regression. Based on the analysis of the Chinese and U.S. manufacturing industry status, the paper identifies the possible impacts of the influence on China’s competitiveness after U.S. manufacturing regression, and then selects the United States invented in China manufacturing authorization number of Chinese manufacturing exports to the U.S., the introduction of American direct investment in China, the RMB against the U.S. dollar and U.S. manufacturing wages as five variables, using1997-2011annual time series data for15years, the introduction of China’s manufacturing export competitiveness measure indicators-RCA index, using econometric regression analysis. Finally through the principal component analysis, the paper finds out the influence of each independent variable on the dependent variables.The empirical results show that the number of U.S. patents in China, RMB against the U.S. dollar Chinese exports to the United States, Chinese exports to the United States, the ration of the wages of manufacturing workers in China and the United States is positively related to China’s manufacturing export competitiveness and the American directive investment in China is negatively related to China’s manufacturing export competitiveness.