Microblog insights

In recent years, labor costs in China have continued to rise and many manufacturing companies have started to consider moving to other countries where wages are lower. However, China undoubtedly still has big advantages in infrastructure, production efficiency and human resources. The official micro blog of The Wall Street Journal's Chinese version asked how long people think China can keep its position as the "world's factory".

AIRGG: It all depends on national domestic policy, the macroeconomic environment and the self-growth of domestic entrepreneurs. For Japan and Germany, which enjoy much higher labor costs than us, their manufacturing industries have been performing well both in volume and value to date. I think it will take about five years before China surrenders the throne of world factory if the government continues to position itself just as a low-end processor of given materials.

MR_AFFLICK: It might be a favorable turn for China's industrial restructuring. Take lessons from Germany and combine "Made in China" and "Created in China", as well as promoting the development of tertiary industry. It's really not something to be proud of to be the world's factory.

All the information is from Sina Weibo.