Since the 1980s, Asian economies to seize the international oil prices low, the historic opportunity of economic globalization, the successful factory of the world, from Europe and the United States will be transferred to the local and Europe and the United States into two world's largest consumer market. However, since 2003, as international oil prices rising, until recently the only 147 U.S. dollars level slowly drop. High oil prices directly led to a sharp rise shipping costs, fuel costs of shipping companies now account for 20 to 30 percent. According to the report of the Association of Malaysia owners, ship fuel costs per ton from 250 U.S. dollars a year ago rose to the present 700 U.S. dollars. Clearly, this producer in China and the United States dealers, are not Chengshouzhichong. Chinese exporters have felt the immediate high of the impact of sea freight. The first half of 2008 China's export growth rate of 21.9 percent from a year earlier of 27.6 per cent drop significantly, as China's export manufacturing province of Guangdong, export growth in the first half of 2008 than the same period last year 26.5 percent to 13 percent more.

       If the line of sight to enlarge the global context, I believe that the following three trends are likely to increasingly become clear:

       First, the global production chain of transnational corporations will be gradually shrinking. Popular in the era of globalization, multinational corporations have long been accustomed to the global procurement of parts and then assembled in China or India, finally returned to the United States or the European market sales of operating the entire process. However, with shipping costs rising sharply, this model is not growing economy, in the ocean on the price paid, has greatly exceeded the labor cost savings. Part of the past to the procurement of parts of Asia, in the face of increased transport costs, has begun to shift to manufacturing in the U.S. parts companies, in order to save transportation costs. For example, the United States TeslaMotors electric vehicle manufacturers to abandon the original battery production in Thailand, the United Kingdom assembly, and then returned to the United States of the production process, Instead, all production processes all around the headquarters focus on California. In addition, the U.S. furniture dealers over the past used wood from the U.S. mainland will be shipped to China, processed into sofas, cabinets, tables and chairs after Fanxiao the United States is now the wood directly in Virginia or North Kalailuona to manufacture, leaving quiet The long-wood processing industry renewed vigor.

       Second, globalization will give way to the regionalization. High oil prices, globalization is not the biggest obstacle facing all countries in the Doha Round negotiations on the endless dispute over tariffs, but shipping costs. It can be said that the rising cost of shipping, will be sufficient over the past 30 countries around the world for trade liberalization by all the efforts to zero, thus development with the neighboring countries of the economic and trade exchanges to become more realistic approach. For example, with labour costs and transport costs continue to rise, European companies began to reduce substantially its investment in China, according to the Association of German Engineers estimated that up to one-fifth of the member companies plan from China at the same time, they are in Eastern Europe and Russia Massive expansion. Britain's "Financial Times" reported that in 2007 the EU's direct investment in China was only 1.8 billion euros, well below the 2006 level of 6 billion euros, while in Russia, the European Union from 10.6 billion euros from the investment soared to 17.1 billion euros . The same situation also appears in North America: China's exports to the U.S. fell in sharp contrast to that of Mexico's exports to the U.S. in recent years to seven percent growth rate steady progress, particularly in furniture, steel, rubber (Information, Quotes) and paper Products industry, Mexico is gradually diverted China's market share. Of course, this is bad news side of the coin, from a more positive view of the other side, the East Asian countries can also be a way of promoting intra-regional trade and mutual investment in the upgrading process of economic integration in East Asia may be greatly accelerated.
      
       Finally, China and East Asia will achieve faster industrial upgrading, and to complete breathtaking leap. Even without the exchange rate appreciation of the problems, high shipping costs will also enable the traditional labor-intensive exports of East Asian model has become unsustainable. Some economists, such as Jeffrey Sachs that, although the rise in the cost of trade globalization will have an impact, but not fatal impact. East Asian countries from the perspective, to support this view is obviously the need for a premise that the export of goods to the U.S. market than Mexico or other Central American countries in the production of goods more competitive prices, or the time being, these countries can not afford Provided. Relatively speaking, the latter result may be more in line with this logic.

       In the global economy in the process of restructuring of the territory, for Chinese enterprises, both challenges and opportunities are key to see what attitude to face. If we blindly indulge in "Who Moved My Cheese" type of complaints, the Government waiting for a pull, I am afraid that sooner or later the market should be eliminated.