Tag: Chinese manufacturing
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China Shifts From Emphasis on Low-Cost Factories
New York Times: China Shifts From Emphasis on Low-Cost Factories DONGGUAN, China — Companies here in China’s industrial heartland are toiling to reinvent their businesses, fearing that the low-cost manufacturing that helped propel the nation’s economic ascent is fast becoming obsolete. … … For years, factories here in the Pearl River Delta region have served…