Industry Trends
2024: Go Global or Go Bust
In 2023, a key theme for Chinese enterprises was 'going global.' This article examines the implications of the massive overseas expansion of Chinese businesses, questioning whether it will undermine China's status as the world's factory and its international standing. It argues that what is often perceived as a 'transfer' of manufacturing is actually a 'spillover' of the supply chain, with only the 'front-end' (final assembly) moving abroad while the 'middle-end' (supply chain network) remains in China, offering new growth opportunities and potential solutions to challenges like aging.
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