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Home > News > Valuable News > China's manufacturing industry relocation scale is small, mainly in the low-end.

China's manufacturing industry relocation scale is small, mainly in the low-end.

ECHEMI 2019-07-29

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In response to recent public opinions about the relocation of Chinese enterprises, especially manufacturing industries, Meng Wei, a spokesman for the National Development and Reform Commission, said on the 16th that the scale of the relocation of Chinese manufacturing industry is not large, and that the relocation of Chinese manufacturing industry is dominated by middle and low-end enterprises, which has an overall impact on China's economic growth, industrial upgrading and employment. Meng Wei said at a news conference held today that in recent years, with the deepening adjustment of international industrial division and global industrial layout, China's manufacturing industry has entered a new stage of transformation and upgrading and high-quality development. "In this process, some enterprises set up factories abroad to operate, which we think is a normal phenomenon. Through in-depth investigation and analysis, we find that some enterprises are transferring to low-cost places, such as labor force and environmental protection, taking into account the change of factor prices; some enterprises are actively exploiting international markets based on their own development strategy; of course, a few enterprises are trying to avoid the impact of Sino-US economic and trade frictions. " "We believe that with a series of policies and measures coming to fruition, the vast majority of enterprises will remain in China for further development, and more enterprises will come to China to invest and start businesses and seek new and greater development." Meng Wei said.

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