The nature of the trade war is caused by the contradiction between weak global demand growth and a huge increase in supply. This contradiction has surged in Japan after China's accession to the WTO; this global epidemic has further induced many countries to restart their own manufacturing or for their employment, For their people ’s livelihood, or for their national security, but this momentum is irreversible.
If they restart their manufacturing abroad, limited to the technical foundation and capital strength, their most realistic approach is to start from product assembly, just like China in the 1980s and 1990s. Therefore, it is expected that in the next 2-5 years, the global demand for spare parts will rise sharply, and the trade volume of finished products will shrink globally.
The international industrial transfer will be launched in three steps:
The first paragraph is: product assembly corresponds to the rising period of parts trade;
The second paragraph is: The development of spare parts corresponds to the rising period of technology and equipment trade;
The third paragraph is: patent and trademark competition corresponds to the transfer period of patents and trademarks;
Therefore, now that the accessories business is well established, the next 2-5 years will be expected!