Has the manufacturing industry moved away from China? Overseas research institutions lament: "unable to move out of China"

In fact, in many ways, this transformation of China's industrial chain is quite similar to the transfer of industrial activities in the United States. At that time, the emergence of new highways and containers allowed factories to leave big cities and seek lower taxes and cheaper workers.

It is easy to overlook that while many Asian exporting countries are currently focusing on producing more complex products, China has a huge market share in both upstream and downstream sectors of the large-scale product industry chain.

A recent report from Rongding Group stated that relocating factories from China to other countries may not have any impact on China's manufacturing industry, as these factories will continue to rely on materials and components from Chinese suppliers. "Even with the acceleration of diversification aimed at staying away from China, it is not surprising that China's overall share in global exports, manufacturing, and supply chains continues to rise."

"China will not truly remain silent. From semiconductors to the shoes and clothes you wear, China is producing everything," said Louise Loo, Chief Economist of Oxford Institute of Economics in China