OEF Rapid Review Articles
According to the director of the Center for Economic Diplomacy, Fudan University, Shanghai, China’s reputation as the world’s factory is increasingly threatened by rising costs, the accelerated manufacturing resurgence in various developed countries and the growing competitiveness of emerging economies. This situation has prompted numerous Chinese manufacturers to move their factories offshore. Manufacturing has long been at the foundation of China’s rise into a global economic power and the country needs to consolidate this manufacturing foundation. Otherwise China will risk hollowing out its real economy before it grows strong enough.
LINK TO THE SOURCE ARTICLE:
Rising Costs Threaten China’s Reputation As “World’s Factory” Oil Market
LINK TO THE SOURCE ARTICLE:
Rising Costs Threaten China’s Reputation As “World’s Factory” Oil Market