Manufacturing is the foundation of an economy and has an important role in the history of industrial development. It is also seen as an engine of economic growth.
China’s manufacturing sector has grown exponentially over the past seven decades, especially during the 40 years of reform and opening-up. It has gotten to a point where Wikipedia described “Made in China” as one of the best-known expressions in the world, found on labels in a vast array of goods, from clothing to electronic products.
However, China’s manufacturing industry is currently facing some challenges, with high-end manufacturers moving to developed countries and low-end ones migrating to less developed countries to reduce costs. So there is a concern now that “Made in China” will be gradually be replaced by “Made in Mexico” or “Made in Cambodia.”