Latest News:  


China holds competitive edge as top manufacturer

By Zheng Yangpeng (China Daily)

08:10, January 23, 2013

A worker assembles environmentally friendly lithium batteries at an industrial park in Yichang, Hubei province. A survey found that China retains fi rst place in terms of competitiveness in manufacturing, followed by Germany and the United States. [ZHANG GUORONG / FOR CHINA DAILY]

Despite rising labor costs and an aging population, China is still regarded as the top destination for manufacturing, and will retain this top spot over the next five years, according to an international survey released on Tuesday.

The survey, co-launched by Deloitte Touche Tohmatsu Ltd and the United States Council on Competitiveness, was based on interviews with more than 550 chief executive officers and senior leaders at manufacturing companies around the world.

Germany and the US came after China in terms of manufacturing competitiveness. But they will be replaced by India and Brazil over the next five years, according to the survey.

Ricky Tung, co-leader of the manufacturing industry group of Deloitte China, said the CEO ratings seem to suggest China is becoming more of a developed economy competitor than its emerging economy counterparts.

"In addition to supportive policies, China still has relatively lower labor costs and is above average in the attractiveness of its corporate tax rates. With its focused efforts to localize supply chains and create innovation hubs, China is also seen by CEOs as the only emerging economy offering the same supplier network advantages as developed economies."

But some Chinese experts and exporters are more pessimistic about the future of the nation's manufacturing sector, citing rising wages, an aging labor force and a rising exchange rate.

Zhou Shijian, a senior trade expert at Tsinghua University, said the top spot was an "overestimate".

He said that Chinese manufacturers are losing their competitive advantage.

【1】 【2】 【3】

We recommend:

Report on the rich in China released

Sales boosting measures for Spring Festival

1st express sleeper train starts operation

Top 10 most transparent multinational companies

Top Ten Economic Events in 2012

Beijing leads nation on rich list


Leave your comment0 comments

  1. Name


Selections for you

  1. Fighters in combat readiness cruise

  2. WZ-10 armed helicopters in training

  3. Unforgettable moments you cannot miss in Jan.

  4. Uncover the myth of 'devil training'

  5. Space centers around world

  6. China’s weekly story (2013.01.09-01.19)

  7. 'Cloud Atlas' releases ultimate Chinese trailer

  8. Wider coverage for public cultural services

  9. Sinopec aims to sweeten energy supply

  10. Celebrities in Spring Festival gala

Most Popular


  1. Global governance in a changing world
  2. Obama's second term brings new opportunities
  3. Happy Indian mentality keeps on rising
  4. Consumption cannot be only driver
  5. China to stick to own path in maritime exploration
  6. Learning the language of affection
  7. Don't buy a house before 35 years old?
  8. Anti-pollution plan gets mixed reviews
  9. Emotional abuse to child cannot be neglected
  10. US' dangerous stance

What’s happening in China

This is the most real, most helpless and most motivate life expense of Beijing!

  1. Shanghai to reward food safety informers
  2. Beijing vows more efforts to improve air quality
  3. Sanitation workers win pay raise after protest
  4. Woman in sex videotape accuses official of rape
  5. Chinese authorities ban 55 TV ads