Title :
Reshaped circular economy model of low-cost competitive advantage in China: Based on two-oriented society
Author_Institution :
Sch. of Accounting & Finance, Zhongnan Univ. of Econ. & Law, Wuhan, China
Abstract :
Low-cost competitive is not only the theory choice of China´s economic development, but also the practical needs of enterprise management, even more as the important source of booming manufacturing sector. Facing on the normalization of labor cost, resource price, enterprise profit and the requirement of changing the economic development model in China, different level should choice different measures. The Government must choose low-cost, recycling economy development model of economic restructuring measures in macroscopically level. Industry must to achieve the development path of value chain in middle level. Companies must maintain a cost advantage, to further tap the third profit source in microcosmic level.
Keywords :
economics; socio-economic effects; value engineering; China economic development; economic development model; economic restructuring measure; enterprise management; enterprise profit; low-cost competitive advantage; manufacturing sector; microcosmic level; recycling economy development model; reshaped circular economy model; resource price; two-oriented society; value chain; Biological system modeling; Companies; Economics; Government; Industries; Manufacturing; Production; Low-cost; circular economy; competitive advantage; economic model; two-oriented society;
Conference_Titel :
Product Innovation Management (ICPIM), 2011 6th International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4577-0359-1
DOI :
10.1109/ICPIM.2011.5983725