The competitiveness of China’s traditional industries is weakening, while its growing competitiveness in new and emerging sectors still lacks sufficient capacity, according to a report published by the Chinese Academy of Social Sciences.
Commenting on the findings, Jin Bei, director of the Institute of Industrial Economics at the CASS, which produced the report, said China’s competitiveness in some low- and high-end industries remains strong, but is much less competitive in some medium-end industries, providing an unusual U-shaped curve in industrial performance.
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