Quotable quotes from the 2023 Boao Forum

Yao Yang, dean of Peking University's National School of Development

Because of the huge size of the Chinese market and its complete industrial chain, I firmly believe that it is almost impossible for high-end industries to leave China completely.

After a decade's development, the production of Apple's mobile phone is mainly in China and South Korea. Even if it moves some production facilities to India or neighboring countries, intermediate components still need to be imported from China, which will also drive China's industrial upgrade.

I don't think China will lose its position as the 'factory of the world' in the next 10 to 20 years. China will remain the most important manufacturing hub in the world.