The study finds that China’s manufacturing still maintained a growth level from 2003 to 2013. However, the growth has been declining. The rapid development of ASEAN economies led to the rise of the emerging manufacturing countries which have slowly adjusted and found their own advantages in challenging China.
The main conclusions of this paper are twofold. First, China will soon lose her low labor cost competitive advantage and needs to look for new strategy or industrial upgrades. Second, the current pattern of international division of labor will last for a fairly long period that developing countries will continue to serve as processing base for developed countries.
Jin, L. (2017). FDI and manufacturing industry in Asia. Lingnan Journal of Banking, Finance and Economics, 6. Retrieved from http://commons.ln.edu.hk/ljbfe/vol6/iss1/5