[Huali Wang Licheng: Breaking outside the box and abandoning the idea of scale expansion is a top priority for Chinese private enterprises] “Globalization will not end, but its form, content, and definition are being rewritten. Low-tariff or even zero-tariff global cooperation has been terminated, large divisions of labor between countries have been terminated, and the global supply chain is evolving in the direction of distribution, regionalization, and nearshore outsourcing.” On September 21, Wang Licheng, chairman of the board of directors of Huali Group, spoke at an event held by the Yangtze River Business School. He believes that China's exports have not declined but increased in recent years because of the complete, complete, and efficient manufacturing system that China has formed, and developed markets cannot easily “break the chain” for the time being, but this trend has not changed, so Chinese companies still need to prepare for it in advance. In recent years, “K-type differentiation” has become a high-frequency buzzword in the macroeconomic field. It mainly indicates that emerging industries represented by AI continue to rise, but traditional industries may continue to differentiate downward. Wang Licheng believes that K-type differentiation is an indication that the economic structure is being restructured — the model of relying on the traditional troika to drive economic growth is unsustainable; with the “collapse” of the real estate industry, the shrinking trend of a large number of related industries will not change; the government's land finance model has come to an end, and the tax burden attached to other industries will increase further.

[Huali Wang Licheng: Breaking outside the box and abandoning the idea of scale expansion is a top priority for Chinese private enterprises] “Globalization will not end, but its form, content, and definition are being rewritten. Low-tariff or even zero-tariff global cooperation has been terminated, large divisions of labor between countries have been terminated, and the global supply chain is evolving in the direction of distribution, regionalization, and nearshore outsourcing.” On September 21, Wang Licheng, chairman of the board of directors of Huali Group, spoke at an event held by the Yangtze River Business School. He believes that China's exports have not declined but increased in recent years because of the complete, complete, and efficient manufacturing system that China has formed, and developed markets cannot easily “break the chain” for the time being, but this trend has not changed, so Chinese companies still need to prepare for it in advance. In recent years, “K-type differentiation” has become a high-frequency buzzword in the macroeconomic field. It mainly indicates that emerging industries represented by AI continue to rise, but traditional industries may continue to differentiate downward. Wang Licheng believes that K-type differentiation is an indication that the economic structure is being restructured — the model of relying on the traditional troika to drive economic growth is unsustainable; with the “collapse” of the real estate industry, the shrinking trend of a large number of related industries will not change; the government's land finance model has come to an end, and the tax burden attached to other industries will increase further.