Made in China still strong

Translated from China Business News

Although products made in China account for 19.8 percent of global trade, the highest in the world, China's manufacturing industry is experiencing difficulties.

Some developed countries, such as the United States, are encouraging their companies to bring their workshops home to create more jobs. Rising labor costs, taxes and land prices in China are prompting international companies to relocate their factories to Southeast Asia to reduce production costs.

But China should be confident that it can overcome these difficulties. China's vast inland areas provide many choices for international companies and are an alternative to coastal regions. China is also one of the largest consumer markets in the world, which differentiates it from the Southeast Asian countries. China also has the most developed industrial factories for many industries in the world.

To translate these advantages into real attractions for investors, China should improve the technical level and quality of its engineers and workers and the protection of intellectual property rights. These actions are also necessary to help China to upgrade its industrial structure and promote innovation.