Is China’s manufacturing sector in decline?
Facing rising labor costs, several major companies have shifted production from China to other Asian countries. But is China’s manufacturing sector in decline? An article from the Hong Kong based Fung Global Institute suggests that China’s manufacturing sector remains strong and that what has happened is simply a shift up the value-added chain. Labor-intensive, low value-added industries like simple garment manufacturing may have started to move out of China, but statistics suggest that higher value-added industries aren’t going anywhere. China’s manufacturing sector has shown signs that it will stay strong and continue to grow.
Read more here or visit the Fung Global Institute’s website here.
