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Chinese hardware industry highlights the international competitive edge – China Sodium

by

Jerriqi

Hardware industry is a traditional and new and modern industries. Hardware products widely used in the past, people call it hardware, such as nails, scissors, wrench, tool what is, and we need time to shop can be bought several smoothly, no one how much these things as objects. But Do not look at these small metal products, and now has developed into a world influence of the largest industry.

1, hardware development in various categories With the development of the times, hardware toward personal wealth is that people can feel. Only a small lock, for example, before the family is just general household locks locks, bicycle locks, but with the motorcycle, automobile industry, high-end residential development, a number of companies to develop modern means of transport suitable for all kinds of motor lock, car lock, anti-theft security lock. Not only lock varieties has increased, and the integration of traditional products showed the trend of high-tech, electronic locks, fingerprint lock, and so one after another; traditional tools hardware, but also changed: garden tool to in-depth extension of a simple pruning twig of the scissors, step by step for the new development of family-and community-building manual, power tools, weeding machine, etc. replaced. According to statistics, China’s hardware products from the early 80s of last century, 40 kinds of products, less than 500 varieties, surge to the present more than 10,000 varieties, an increase of 20 times; product categories have also been the traditional daily-use hardware from the past, Architectural Hardware, tools, door hardware three categories increased, including shower rooms, gas appliances, range hood, kitchen equipment, cooking utensils and other 10 products. 2, hardware, enterprise economies of scale The number of enterprises in China hardware from the early 80’s to 50000 more than 2,000. Ultra-billion-scale enterprises from the ring in 1988 when the statistics, Zhang Koizumi, solid edge, the Great Wall Seiko, Wen Deng Wei Li, 14 enterprises, the rapid rise to the present more than 100. Today, the hardware scale enterprises are mostly owned by a modern factory. For example, 10000 and the company’s production workshop, the tall plant to natural light, modern style, both conducive to the production, but also environmentally friendly and completely get rid of the hardware business in the past in people’s minds, “small, poor, chaotic,” the backward image. In the coastal areas of Zhejiang, Guangdong, Jiangsu, Shanghai, Shandong and other places, has formed a number of characteristics of the economic industrial base, metal industry has become the backbone of local industry or focus on the development industry and hardware industry in the country have played an important role, such as Guangdong Xiaolan Town, Yuhuan County, Zhejiang Province has become China’s leading hardware production and export base; Yangjiang, Guangdong has become China’s largest production base of knives, scissors; Wenzhou, Zhejiang, was awarded the “Chinese locks are” title; Hebei Anping wire mesh industry base built , Asia 80% of the mesh from Anping. China’s hardware industry to an annual growth rate of 20% of steady development, the annual output value of 4,000 billion yuan, higher than the household appliances industry. Data show that exports of metal products in 2005 amounted to 30.512 billion U.S. dollars, year on year increase of 26.44%. China’s exports of light industry as a whole accounts for about 25% of the country’s total exports, hardware industry, light industry exports ranked the top three. Three, metal industry, highlights the international competitive edge In recent years, China’s hardware industry’s international competitiveness has been increasing. Our hardware products, trade specialization index (TSC Index) remained at between 0.78-0.85, and increased year by year, which shows that our hardware products, import and export trade status has been greatly improved, and the whole still in a relatively advantageous position . On the other hand, China’s comparative advantage index of metal manufactures (RCA index) is basically maintained at 0.8 to about 0.9, indicating that China’s hardware products with a moderate international competitiveness. But it should be noted that in recent years, China’s hardware products, RCA index showing a declining trend, mainly because of China’s hardware products are labor-intensive products, due to capital, technology and content is not high, in the international market more susceptible to the developed countries barriers to trade restrictions. Die 100-hui Luo, CEO pointed out that the view from the products and the enterprises themselves, and many hardware companies approach is a form of processing trade, technological innovation capability is not strong, which makes China’s hardware industry has insufficient capacity for competition in the international market gradually lost their advantage , in the future course of development, for the major comparative advantage of labor costs on hardware industry, at the same time weakening the comparative advantage will increasingly need to rely on and enhance their competitive edge to maintain and enhance the international competitiveness of the industry. According to Die 100-hui Luo, CEO survey said that at present China has formed the Pearl River Delta, Yangtze Delta and the Shandong Peninsula three hardware industry zone, Yongkang, Zhejiang appeared, Zhongshan Xiaolan, and Jiangsu Qidong other metal industry cluster. The development of China’s hardware industry cluster reveals eight major advantages: One is beneficial to the depth of the division of labor between enterprises and technological innovation. Every enterprise will be fully funding, focus on the most advantageous to do their part, that the enterprise’s core competencies, other related outsourcing to professional company to complete, each product is a summary of a number of core competence. Second, it helps to save transaction costs. Enterprises are faced with the nearest, a large number of raw materials suppliers and equipment suppliers can lower costs, higher demands, faster speed to purchase a variety of inputs, including raw materials, spare parts, machinery and equipment, the kinds of services and human resources. Thirdly, it is beneficial to industry and the professional market, pushing each other forward. Industrial cluster is conducive to the formation of the professional market, but also has a greater impact at home and abroad the professional market, both pro-business product sales, but also conducive to the information, and timely adjustment of product structure. Fourth, it helps to stimulate the sense of competition. The same kinds of products from a large number of production among enterprises will naturally compete, so as to continuously improve product quality and grade. 5 is conducive to Investment. Supporting industries within the industrial cluster system and perfect service system, starting a business with low entry costs and exit costs, not only conducive to attracting foreign direct investment, but also conducive to the cluster of enterprises within the domestic and international capital markets. 6 is conducive to governance “credit deficit disorder.” As the regional industry concentration, among many enterprises to know the root Zhidi, once late payments, forgery, and avoiding the debt and other dishonest acts, it will immediately at the local spread, promises difficult for enterprises to locally based, so the phenomenon of corporate dishonesty between low probability. 7, it helps to promote business innovation. A variety of the latest market, product and technical information gathered, coupled with frequent exchanges between a variety of information within the cluster to promote a greater chance of collision of innovative ideas. LAW 100-hui said the competition within the cluster, as well as personnel exchanges also makes businesses more intense desire to learn, easy to drive innovation in the whole industry. 8 is conducive to the creation of regional brands. Regional industrial advantages and product features are conducive to the formation of regional brand, brand high-impact areas to attract more outlets, suppliers, investors, and various talents. Thus further contributing to the prosperity of the upstream and downstream industries, the development of regional economy as a whole are very favorable.

The e-commerce company in China offers quality products such as China Sodium Tripolyphosphate , China Sodium Tripolyphosphate Industrial Grade, and more. For moreArticle Source: Chinese hardware industry highlights the international competitive edge – China Sodium

Clearly, the way organisations work has changed in the past decade to a shockingly great extent. This drastic change came across as a result of a series of changes. Realising the true value of employees, automating the business functions to save time are the most apparent ones.

To say the least, it was easy earlier to manage the workforce as the employees’ say was overlooked and the policies were rigid. As time passed and the needs of the employees started drawing more and more attention, policies started becoming more and more flexible and employees happier. Hence, as we have now entered a new decade, the future of work starts to look a lot more different in terms of culture and trends. And so, we thought of predicting a few of the workplace trends that we might witness round the year.

Employee wellness-The health of your employees directly impacts the health of your business. If you want to mushroom your business rapidly, you must take care of the health of your workforce. The definition of health is now not just limited to physical health but mental and emotional health as well. Various professional and personal factors influence the health of individuals. This is why it is necessary for you to expand the idea of health benefits to mental health checkups, and therapists.

2020 will be the year for companies to begin their actions in this direction. They will start factoring this as well in thepayroll software in India while configuring the CTC.

Employee experience-The percentage of millennials and Gen Z is increasing in most of the industries. And they want the policies, culture and space to be more and more flexible and comforting. Not only do they prefer to work from home on the days they feel lazy but also want the work desk to be flexible. Nothing should make them feel restricted. Hence, this decade and not just 2020 will become more and more about the employees, their demands, expectations, likings, dislikings and more. All of this would be done with the aim to keep the retention rate high, the attrition rate low and the hiring costs minimal. We can also expect a feature in the HR and payroll software that allows the employees to leave suggestions, and rate company anonymously.

More diversity and inclusion-Upholding values, becoming more and more socially responsible is the key to attracting great employees, making them proud of working with you and making them stick to you. So, the companies in this decade will try to keep the gender ration in check, be more welcoming towards the LGBTQ community and not differentiate amongst people on the basis of age, caste, disability or status.

Another workplace trend that we cannot miss is the rising culture of the gig economy. This economy is inclined more and more towards hiring people as freelancers. This progressively rising economic culture is going to be on the rise in this decade as it will cut a lot of costs for the company and thus help them save a lot of money. For instance, sometimes you may have a requirement for more designers but not always. So, to cope up with times like these, companies will increasingly start leveraging the gig economy. This means that when there is more work, they can avail the services of the freelancer, pay him for the time he has worked. A lot of money and office space of the company is saved this way.

Apart from the aforementioned ones, automation, especially in theHR Software in India and Payroll management software, will continue to make its mark in the decades to come. Moreover, employees will demand more and more work-life balance. So, these were the workplace trends that we see coming in and progressing with time by the end of the decade- Brace yourselves!

You should never attend an interview empty handed. At thevery least, you should bring a copy of your resume. If you are beinginterviewed by a team, bring a resume for everybody that will be attending theinterview. References are also required. Do not wait for the interviewer to askfor these. Offer them. Avoid carrying a handful of loose leaf papers. Carryyour documents in a professional file and briefcase.

If you hold a professional license, you should bringevidence of your license to your interview. Bring anything that proves that youare legally able to perform the job that you are applying for. Positions thatmay require a professional license includes nursing positions, cosmetologypositions and teaching positions.

When deciding what to bring to a job interview, many peopledecide to put together a portfolio that highlights their qualifications. It isa proven fact that visual aids are effective, so why not use these to youradvantage during a job interview? Before you throw together a portfolio, gatherexamples of your best work only. Remember; a portfolio is an aid and should nottake up the bulk of the interview. If your portfolio contains digitalinformation, bring a laptop or some other medium with you. Do not expect yourinterviewer to supply the equipment. Avoid carrying bulky objects as well. Donot overwhelm the interview room with all of your gear. Keep it simple andprofessional.

Never forget essentials when deciding what to bring to a jobinterview. Be prepared for anything. Extra copies of your resume, breathfresheners, an extra pair of panty hose, deodorant, safety pins and a change ofclothes are all good ideas. Be prepared for anything. This will help you staycalm and in control no matter what happens the day of your interview. Beingprepared will help you concentrate on what really matters, like all of thosequestions you will need to answer.

By Roy Fisher, CPA

Small business owners the world over are constantly searching for the secret to success. Unfortunately, the only way to become truly successful is to put in a lot of hard work, demonstrate a great deal of patience, and ensure you have a bucket load of perseverance at all times. So, although theres no get-rich-quick formula to follow, these five tips will set the groundwork for attaining new heights in your business.

Computerize

Gone is the era of handing over a couple of shoeboxes full of receipts to your accountant at the end of the tax year. These days its an absolute must for business owners to know their businesss financial position (in terms of taxation, cash flow and profitability) throughout the year.

For those of you who arent the most computer-savvy, or if your heart immediately picks up the pace when thinking about taxes and numbers, the easy solution is a computerized accounting system.

These days, you have a lot of options. The good news is that most of these packages operate on the same basic principles, with perhaps a few unique aspects to differentiate them. If you already have a good accountant on board, ask them which packages they work with most often, and whether they prefer any one program over another. It makes sense to be working in a format that is compatible with your accountant.

The majority of accounting software packages are fairly simple to operate after a little training. Remember that the quality of the information you get out of your software can only ever be as good as the quality of information you inputif this means you need to hire a bookkeeper or train up your existing staff, rest assured that it will be money well spent.

Keep business and personal matters separate

When you run your own business it can sometimes be hard to keep personal matters personal. This separation is an absolute must if you want to maintain credibility and an appearance of professionalism, not to mention to save yourself many headaches down the road.

Even if your situation doesnt call for separate bank accounts as a legal requirement, I cant see any scenario where its not beneficial. Not only can you easily keep track of cash flow in your business, you can easily perform regular bank reconciliations and be confident that you havent omitted expenses or overlooked a payment or two.

A good idea to increase security when it comes to business bank accounts is to set up the account as requiring at least two signatures on checks. Although fraud is still a possibility, the chances of escaping unnoticed for any period of time are greatly diminished.

Budget, budget, budget

Some people can get by in their personal lives without ever creating or sticking to a budgetI dont recommend it, but it has been done. When it comes to a business however, Im pretty sure youll find that the only businesses who dont work with a budget are the ones that fail.

To be successful in business you absolutely must be mindful of your spending, ensuring it is always planned and based on a sound budget. If some unforeseen event occurs you can easily review your records to see which expenses can be cut back to get you through.

Maintain accurate records

If you dont keep an accurate record of all that has transpired in your business, you run the risk of missing out on deductions that you are entitled to. Not only that, the financial impact could potentially be magnified if you are penalized with fines or interest payments as a result of disallowed claims or overlooked obligations. If you find that you are struggling to keep on top of things, a bookkeeper or administration assistant can be well worth the cost.

Outsource payroll

Not only can outsourcing payroll save you a tremendous amount of time and hassle, but it can lessen your legal liability. Calculating federal, state, and local employment taxes is potentially an easy area to make errors. By outsourcing, the risk associated with such calculations is transferred to the provider who is an expert in the field.

Whether youre preparing to establish a new small business, or if youve been operating for some time, these handy tips will help you in your quest for success.

About the Author: Roy Fisher, CPA specializes in providing accounting and tax services to small business owners and professional practices in Houston, TX. For more information, go here:

ledger-solutions.com

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