
NEW YORK, Sept. 15 (Xinhua) -- Only a limited number of U.S. companies in specific industries are moving out of China while few in many other industries are doing so, according to a recent report released by investment bank Goldman Sachs.
In apparel and smartphones, nearly all U.S. companies have moved or plan to move at least part of their operations out of China, said the report.
However, in many other industries, few companies plan to leave the Asian country, the report added.
A majority of semiconductor and health care companies are actually expanding their production in China, according to the report.
In labor-intensive industries, the Asian country's overall advantage in manufacturing remains unchallenged, according to the investment bank.
China is still attractive to foreign manufacturing investments for its huge domestic market, complete industrial supply chains, and good infrastructure, the report said.
Moreover, the report found limited evidence of a large-scale return of manufacturing activity back to the United States.
Fire brigade in Shanghai holds group wedding
Tourists enjoy ice sculptures in Datan Town, north China
Sunset scenery of Dayan Pagoda in Xi'an
Tourists have fun at scenic spot in Nanlong Town, NW China
Harbin attracts tourists by making best use of ice in winter
In pics: FIS Alpine Ski Women's World Cup Slalom
Black-necked cranes rest at reservoir in Lhunzhub County, Lhasa
China's FAST telescope will be available to foreign scientists in April
"She power" plays indispensable role in poverty alleviation
Top 10 world news events of People's Daily in 2020
Top 10 China news events of People's Daily in 2020
Top 10 media buzzwords of 2020
Year-ender:10 major tourism stories of 2020
No interference in Venezuelan issues
Biz prepares for trade spat
Broadcasting Continent
Australia wins Chinese CEOs as US loses