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English>>China Business

China no longer simply 'world's factory' (2)

(People's Daily Online)

16:46, August 24, 2012

A recent report said that the CLP Holdings has newly established a coal-fired power plant in Haryana of India and all of the power generation equipment was made in Chinese Mainland. The CLP Holdings runs well in Asia-Pacific region in recent years and most of its power generation equipment used in both South Asia and Southeast Asia are purchased from China.

In some countries including Vietnam, Cambodia and Laos, the clothing industries receive orders from Europe and the United States but use the mechanical equipment and the technologies producing shell fabrics and garment accessories are from China.

These examples tell us that China has strong potential to enter the middle and upper manufacturing industry.

According to reports of economic research and consulting firms, China's manufacturing industry accounted for almost 20 percent off global manufacturing industry in 2010, surpassing the United States which reached 19 percent, and became the world's largest manufacturing superpower.

The outstanding advantages of Chinese manufacturing include the economic scale, technical level and infrastructure construction accumulated since the reform and opening up, and the spirit of innovation is its driving power.

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