U.S. President Donald Trump's plan to bring manufacturing jobs back to the U.S. is a task that can’t be fulfilled by one single individual, as it requires the involvement of the entire supply chain, Miao Wei, China’s minister of industry and information technology, said Monday at the China Development Forum.

"If, upon comparison, the U.S. has lower costs and more advantages in its manufacturing environment than other countries do, I believe companies would move to (the U.S.) even without (the president) having to say so," he said.

He said economics dictates that companies will place their supply chains wherever costs the least.