Value chain move-up spells trouble for world's factory
Thu, Jun 18, 2015 - 5:50 AM
Low-end businesses, contributing 40% of manufacturing's GDP share, are hurting as govt support wanes and focus shifts to robotics and medicine.
WU Zongjun used to be the face of China's growth miracle. Twenty years ago, armed with a third-grade education and not much else, he started the Yiwu Lianfa clothing factory, one of the legions of small manufacturers that made China the "Workshop of the World", helping lift 500...