With the relaxation of entry restrictions in Southeast Asian countries and the improvement of consumption expectations, the demand for orders in Southeast Asian countries will rebound in a "retaliatory" manner, and the export transportation market in Southeast Asia will become even hotter. The foreign trade of Southeast Asia and other countries is recovering rapidly, which has led to the outflow of orders that were previously returned to my country.

With the decline in the utilization rate of industrial and manufacturing capacity, the prices of energy and raw materials have skyrocketed, and my country's foreign trade orders have "intensified". Although China's economy has taken the lead in resuming work and production, our export pricing power is limited. Due to the cheap labor in Southeast Asia, foreign companies have set their sights on Vietnam and other Southeast Asian countries, such as Samsung, Foxconn, Microsoft, Intel, Panasonic and other international giants.

In addition, in order to further attract foreign investment, Southeast Asian countries such as Vietnam have also signed free trade agreements with the EU, reducing 99% of tariffs; they have formulated policies to attract foreign investment, such as lowering tariffs to attract foreign companies to build factories in their own countries. This measure has made good progress, and many foreign companies have withdrawn their companies in China in response to this. Faced with this situation, although China's manufacturing is still sitting on the top spot in the world, the manufacturing industry in Southeast Asia also has an absolute advantage.

Faced with this situation, our country also proposed during the two sessions: to promote high-quality economic development, we must focus on promoting the transformation and upgrading of the industrial structure, and make the real economy solid, strong and excellent. It means that the country has started a new journey of high-quality development.

Far East Tech is a vigorous company with continuous innovation and progress. It has more than 15 years of machining experience, an experienced technical team and sophisticated processing equipment and testing equipment. Less recognized by Chinese and foreign customers, Far East Tech is full of confidence in the face of new challenges. For more information welcome contact with us.