The clamp down on overproduction in China is the beginning of a - TopicsExpress



          

The clamp down on overproduction in China is the beginning of a painful makeover of the economy as the government attempts to shift manufacturing from sunset to sunrise industries. China wants to maintain a strong mass-manufacturing base, but rising wages and cooling markets means it has to move up the value chain by switching to high-margin, high-end manufacturing in areas such as biotech, IT, aerospace and telecommunications.
Posted on: Tue, 03 Sep 2013 07:51:47 +0000

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