Fastener Shanghai
Official WeChat
fastenerfastenerBuyers' Guidefastener
fastenerStandard Searchfastener
fastenerFor Buyersfastener
fastenerFor Suppliersfastener
fastenerTrade Showsfastener
fastenerMy Officefastener
fastenerPost Inquiriesfastener
Home->Fastener News->China sees no major manufacturing exit: top econom...You are the 682313 visitors
Views:412   |   recommendation:   |   Votes:0   |   Discuss:0
China sees no major manufacturing exit: top economic planner

China has not seen a large-scale exit in its manufacturing sector and is confident in attracting more foreign firms seeking long-term development, the top economic planner said Tuesday.

"Most of those pulling out are mid- to low-end firms and the impact on China's economic growth, industry upgrading and employment is generally controllable," Meng Wei, a spokesperson of the National Development and Reform Commission (NDRC), told a news conference when answering a question on reported withdrawals.

Citing in-depth changes to the global industrial landscape and the upgrading of China's manufacturing industry, Meng said it was a normal phenomenon for some enterprises to set up factories abroad.

Some firms moved out to lower costs or as part of their development strategy in international market expansion, while a very small number of firms shifted out to avoid the impact of the Sino-U.S. trade frictions, Meng said.

"To be clear, it is not easy for companies to relocate, and there are a number of factors to consider, including operating costs, industrial workers, supply chain support, transportation and even manufacturing culture," she said.

The NDRC will continue working with other authorities to deepen market-oriented reforms, expand high-level opening-up, and build a world-class business environment to further enhance the country's appeal to the manufacturing industry, Meng said.

"We believe that with a series of policies and measures starting to take effect, the overwhelming majority of enterprises will stay in China for long-term development, and more enterprises will come to invest in China," she said.

Source: Xinhua

2019/7/19 15:02:00

Previous:    China to take targeted measures to implement production halts on industrial firms
        Next:    Machinery sector sees momentum

Recent Related News
China's home appliance sector expands in H1--2019-08-05
Domestic smartphone makers take lion's share of market--2019-07-31
China to take targeted measures to implement production halts on industrial firms--2019-07-19
China to become the largest OLED televisions market--2019-07-16
China's industrial robot sales drops in 2018--2019-07-15
China's mobile phone shipment down 6.3 pct in June--2019-07-15
China's excavator sales increase in June--2019-07-15
China's electronics information manufacturing reports higher revenue, shrinking profit in Jan-May--2019-07-08
China's home appliance sector sees steady Q1 growth--2019-06-12
China's excavator sales expand slower in April--2019-05-14
China's industrial robot sales up nearly 15% in 2018--2019-04-29
Commercial use of 3D printing picks up speed--2019-04-19

Vote for this news?

fastener(Very Good)
fastener(Very Bad)

More Discuss...
Your Name: Anonymous

Enter the code shown:fastener2fastener

Fastener Trade Show Suzhou

China Fastener Directory
Get it FREE!
Get your CFD at the following shows:

•The Fastener Exhibition & Conference, Sep 11-12, 2019, Birmingham, UK

•International Fastener Expo, Sep 17-19, 2019, Las Vegas, USA

•wire & Tube Southeast Asia, Sep 18-20, 2019, Bangkok, Thailand

Show Room

Offer Product

Latest News
• Bossard buys aerospace distribution business

• Nedschroef appoints Dr Matthias Sckuhr as the new CEO

Buyers' Guide
Company News

• Dongguan STL: Practice Brand Concept By Setting up Fatigue Test Center

• Yuxin Fastener System: Dedicated to Becoming the Leading Manufacturer of Anchors in China

The Way to Enter Chinese Market
The Way to Enter Chinese Market