S. China needs to change focus to win new business

South China, particularly Guangdong province, needs to move away from its traditional labor-intensive manufacturing growth model and focus on growth driven by high-tech industries if it wants to maintain its standing as the manufacturing center of the world, a new survey said on Thursday.

According to a survey by the European Union Chamber of Commerce in China, the province needs to take drastic measures to prevent companies relocating investments to other destinations.

The number of European companies in South China that are relocating investments to other markets surged by 17 percentage points from last year to 24 percent in 2015, while the country's overall average increased by 5 percentage points to 16 percent.