What’s Keeping China From Moving Up the Value Chain?

What’s Keeping China From Moving Up the Value Chain?

VOICES & OPINION

The “world’s factory” needs more skilled workers as it upgrades its manufacturing industry. But not everyone is on board. Wang Xing Wang Xing is a professor of sociology at Nankai University.

Over the past few decades, China’s low labor costs helped transform it into the “ world’s factory ,” a center of industrial production for companies around the globe.Now, with wages rising, the workforce shrinking, and the global supply chain undergoing a significant reshuffle, China faces an even stiffer challenge: upgrading its labor-intensive low-end manufacturing industries to better compete in the world of value-added manufacturing.Most discussions […]

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