Large-scale integration is inevitable
The China Beige Book published by the New York Research Institute shows that the cost of Chinese companies has risen, but the sales price has fallen to the lowest level in history. The same is true for the printing industry. Labor costs are rising, and rental costs for stores or factories are rising, but the cost of printing has been "declining."
The final result is that the profitability of the company continues to decline, and the willingness of the company to upgrade and reform has declined. From an economic point of view, the fundamental reason for the decline in sales prices is overcapacity. Some companies lack core competitiveness and can only rely on price reductions. And "de-capacity" is forcing some companies to choose to exit either actively or passively.
Authoritative figures published an article in the "People's Daily" predicting that my country's economy will show an L-shaped growth trend, which indicates that integration is not only inevitable, but may be further aggravated. The first to bear the brunt will be the follow-up printing companies that lack expertise.
