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Wednesday, June 04, 2014
Chinese Manufacturing Industry Works Harder to Transform than Imagined
ANBOUND

Chinese manufacturing industry is working harder on technology upgrading than the public think, especially since economic growth is slowing down. The growth of wages and the intensifying of competition from emerging economies are forcing Chinese manufacturing enterprises to turn to technology more than before. Among all the countries in the world, China bought the most industrial robots. ANBOUND think tank scholars think that China needs to provide better business environment for the transformation of Chinese manufacturing industry, including promoting the development of financial leasing industry, as well as tax reduction policy which is based on accelerated depreciation.

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