The relocation of manufacturing industry in China deserves our attention, but it is not terrible

摘要

In recent years, the phenomenon of some parts of the mainland’s manufacturing industry moving overseas has been widely concerned by the market, and the Sino-US trade friction in the past year has made it a market concern. But this kind of moving overseas does not have to be so terrible. This is because: First, the speed and scope of manufacturing exodus is not as fast and as large as many people think;Second, the rise of high-end manufacturing after the low-end manufacturing industry moved out;Third, the growth of the service industry has accelerated after the slowdown in manufacturing growth.