Asia Pacific: China+1 is being shaped by China itself
China remains a manufacturing leader, adapting its industrial strategy while other Asian nations find opportunities in complementary sectors. Discover more.
China continues to shape the global manufacturing landscape, even as production shifts to other emerging Asian markets. Despite a diversification trend, China has increased its share of global manufacturing value added by over 6 percentage points since 2017, now accounting for more than one-third of all manufactured goods worldwide.
While countries like Vietnam and India have made notable gains in specific sectors, such as electronics and textiles, the overall relocation of production from China has been selective. The ongoing reliance on Chinese supply chains remains a significant factor, with China maintaining a dominant role in higher-value segments and complex goods.
China's industrial strategy, focusing on high-tech and green manufacturing, is expected to consolidate its lead in the short to medium term. Other emerging Asian nations can find opportunities by complementing China's industrial upgrading, particularly in electronics and battery supply chains.
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