Manufacturing.

Over the past three decades, China has made itself the world’s premier destination for sourcing and manufacturing for global sales. Today, with the Chinese domestic market evolving and rapidly rising labour and production costs, many international companies can no longer afford to base their China manufacturing strategy on export only. Instead, they must adapt and establish a lean supply chain with a strong domestic sales component, which is leading to restructurings and changing business models. At the same time, multinational companies are increasingly demanding their global suppliers to localize in China, resulting in the establishment of new facilities by foreign companies despite the rising costs.