Is China Losing Its Competitive Edge?
Majority staying in China: Despite the rising costs of manufacturing in China, 83% of manufacturers said they will maintain their operations in the country. China’s vast domestic market was cited by 78% of respondents as the reason to maintain the status quo, while 39% were unwilling to establish a new supply chain, motivating them to remain in China.
“China’s phenomenal economic growth and market reform story, together with a dynamic and challenging business environment, will continue to put pressure on manufacturing compa-nies,” said Brenda Foster, President, AmCham Shanghai. “They will have to focus on continually improving their competitiveness and devoting more resources to innovation as they pursue their strategies and plans in China.”
Major economic indexes of the Chinese printing industry, and new market information and business opportunities in India and Vietnam are available to NPES member companies by contacting Mike Hurley, Director, International Trade at e-mail: firstname.lastname@example.org or phone: (703) 264-7212.