Wake-up call for industry
By Zhang Monan | China Daily | Updated: 2012-08-20 08:03
China has to change its manufacturing strategy to be more innovative in technology and compete with a 'reviving' US
China is expected to face fiercer-than-ever competition from the United States in the manufacturing sector, making it all the more urgent for Beijing to expedite its industrial upgrade.
The US' "re-industrialization" strategy and its accelerated efforts to "return" to manufacturing in the wake of the global financial crisis are re-forging the world's manufacturing landscape.
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