Jun 12, 2022 04:33 PM (GMT+8) · EqualOcean
Zhang Kuo, President of Alibaba international station, said that the selective spillover of the domestic supply chain is not a passive transfer. From the perspective of global division of labor, the trend of labor-intensive industries flowing to countries and regions with lower labor costs has never changed. He disclosed that from the data of cross-border platforms, in recent years, the increase in the export share of general manufacturing industries in Vietnam and other emerging countries has not had an impact on the business of China's small and medium-sized foreign trade enterprises. In fact, China's supply chain has begun to accelerate the transformation of high-quality development. By comparing the export data of relevant industries in Germany and Vietnam, China's exports are approaching and surpassing the traditional high-end manufacturing developed countries in terms of high value-added manufacturing, while the fastest growing markets in emerging countries such as Vietnam are labor-intensive industries represented by clothing.

This text is a result of machine translation.