China's economy is slowing down, this is true and the Chinese government is trying to put the economy overcome this bottleneck. With the slowdown of the Chinese economy, China’s mould manufacturing industry will also be affected.

Many people say that maybe we will witness the disappearance of many small mould manufacturers in China next years. There is a shakeout looming in the China's mould making industry. 

To boost the economy, in August China's central bank has taken a series of yuan devaluation, and this surely affects China's exports, which include mould manufacturing industry. Basically, this will help the mould industry to get a better competitive advantage in price.

However, for many Chinese mould manufacturers, like Bluestar Mould Group, who import steel for some core components or even mold making machines , the devaluation will also affect somehow. However, it is worth when they can ensure the quality of the mould, especially in the industries that require high quality like automotive or medical devices manufacturing. 

In the current economic conditions, the essential thing that the Chinese mould manufacturers must perform is to increase productivity, product and labor quality, not relying too much on price competition advantage. The world is changing, no longer like a few decades ago.

In order to improve labor productivity, increase product quality, the mould manufacturers will have to do a lot of things, but one of the most important things is innovating technology, focusing on training high-quality labor. Besides, automation and the Internet of things are the trends of development in the manufacturing industry, and of course also the trend of mould manufacturing industry.

For small mould manufacturers with not-strong-enough financial potential, as well as without innovating technology, It will be hard for them to withstand the rigors of the market in the coming years. Even the mid-range (or even bigger) manufacturers, who do not grasp the development trend, the movement of the economy, will also likely suffer the same difficulties.