An article in Study Times listed six weaknesses that affect China’s manufacturing industry. They are: 1) An over-reliance on a low-cost production environment; 2) Being locked up in low-end markets; 3) An overcapacity in low efficiency production; 4) Chinese companies are not competitive; 5) The cost advantage is gradually diminishing due to growing labor costs; 6) The trade model based on processing raw materials cannot be sustained.
Source: Study Times, April 4, 2011
http://www.studytimes.com.cn:9999/epaper/xxsb/html/2011/04/04/12/12_38.htm
