You are here

Value chain move-up spells trouble for world's factory

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to