Economic Transformation And Industry Selection

China Economics Structural transformation is irresistible. We try to analyze the commonalities of typical cases such as the United States, Japan and Korea to explore how to invest effectively during the transition period.

True industry in the US structure The adjustment began in the 80s of last century. Before it faced serious problems such as excess production capacity of traditional manufacturing industries, emerging industries and growing economic growth, and experienced two economic crises. After that, the United States vigorously developed high-tech industries represented by information technology, actively adjusted the economic development strategy, and promoted the transformation and development of traditional industries, and the consumption increased significantly to the economy. At present, the consumption rate has reached nearly 9 percent. During the period, service industries, electronics, communications and so on have been developing rapidly, and mining, steel, textile and other industries continue to decline.

Japan entered around 1973. Transformation Period The overall feature is that the proportion of consumption contribution has increased and investment dependence has decreased. By 2009, the contribution of Japanese consumption to GDP has reached nearly 80%. The newly built housing area in Japan hit the top in 1973, and then the growth rate dropped significantly.

South Korea's economic restructuring and industrial restructuring took place in 1991-1997 years. During the period, the proportion of exports and construction in GDP declined rapidly, and the pace of urbanization further slowed down. The higher residents' expenditure included tobacco, cultural and entertainment, health and personal care, communication costs, education, eating out and transportation costs.

In these countries, traditional industries such as construction, steel and automobiles have been negatively affected by economic transformation. On the contrary, strategic emerging industries and consumer related industries have benefited from the transformation. From the point of view of the relative revenue of the plate, the most popular ones are service and consumer sectors, such as service industry, warehousing, food and so on. In addition, there are also some strategic emerging industries, such as electronic communications and precision instruments. In addition to the real estate and construction industry directly related to investment, there are also capital intensive traditional manufacturing industries, such as mining, transportation equipment, textile and paper making. From a stylistic perspective, under the background of transformation and cycle transformation, Small-cap The performance is obviously better.