How can Guangdong's Manufacturing Industry maintain Its Leading Position as the "World Factory"? "南青北白,大国重器" - 广东制造业如何保持“世界工厂”的领先地位?
Manufacturing in China, which is strongly affected by the COVID-19 pandemic, has largely recovered, but now shutdowns in the rest of the world are threatening the supply of key parts and demand. Guangdong, a province who’s three decades of development is considered nothing short of an economic miracle, has taken full advantage of globalization’s many opportunities and therefore inevitably branded itself as the 'world factory'.
What impact did the COVID-19 have on Guangdong's manufacturing industry? What measures have Guangdong's manufacturing companies taken to respond to the epidemic? In the face of an uncertain international environment, how should Guangdong's manufacturing industry implement a long-term strategy when considering factors like diversified manufacturing, relocation, and cost-saving? Compared with other countries and regions, will the 'world factory' still be able to maintain its advantages?