662K views · 2.9K reactions | Chinese President #XiJinping on Monday said that only innovation can help the equipment manufacturing industry become stronger. Xi, also general secretary of the Communist Party of China Central Committee, made the remarks while visiting machinery manufacturer Guangxi Liugong Group Co., Ltd. during his inspection tour of the city of Liuzhou in south China's Guangxi Zhuang Autonomous Region. | CGTN | Facebook

132 reactions | Yao Yang, Dean of the National School of Development of Peking University points out that it's natural for some companies to relocate their facilities from China to Southeast Asia. But this is not necessarily a bad thing for China because that means the Chinese industry has to upgrade. However, he also thinks China will still be the great hub of world manufacturing because of the size of the market and the completeness of the industry. #Boao2023 | CGTN | Facebook