For several years, foreign manufacturing enterprises have been withdrawing from China. However, the latest round of the withdrawal has something to do with the deep structural factors of Chinese economy. If real economy and manufacturing industry are hollowed out, Chinese economy will follow. The fact that lots of foreign manufacturing enterprises are withdrawing from China is a phenomenon of the hollowing-out process. China doesn't have overcapacity manufacturing industry and its middle-end manufacturing industry is obviously inadequate. Thus, China should pay high attention to the hollowing-out caused by the leave of foreign manufacturing enterprises.