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No Other Country can Replace China's Manufacturing Industry Including India

iconMay 15, 2023 16:47
Source:SMM
In response to many investors' concerns about the transfer of certain manufacturing links in China to India, Southeast Asia and other places, at the Warren Buffett And Berkshire Hathaway’s 2023 Annual Meeting and China Investor Summit, Ren Xiangdong, deputy director of the Global Fund Management Department of Industrial Securities, said that it is not easy for a country to complete deep industrialisation and form a complete industrial chain. China has the most abundant manufacturing elements in the world, and other countries are far weaker than China.

In response to many investors' concerns about the transfer of certain manufacturing links in China to India, Southeast Asia and other places, at the Warren Buffett And Berkshire Hathaway’s 2023 Annual Meeting and China Investor Summit, Ren Xiangdong, deputy director of the Global Fund Management Department of Industrial Securities, said that it is not easy for a country to complete deep industrialisation and form a complete industrial chain.

China has the most abundant manufacturing elements in the world, and other countries are far weaker than China.

With regard to concerns about the transfer of industrial chains, the barriers of the manufacturing industry itself and the difficulty of large-scale transfer of Chinese manufacturing to other countries may have been underestimated.

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