Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Live is Caixin Global's real-time news portal, featuring 24-hour breaking news, short-form analysis, and roundups from business and social media in China.

TRENDING
China’s State Asset Overseer Appoints New Director
Ex-Moutai Chairman Ousted From Communist Party as Corruption Charges Loom
Two ‘Big 4’ Banks Expected to Open Wealth Management Units in June
LATEST
Baidu Continues Shaking Up Its Management Board
Xiaomi Fires Vice President for ‘Obscene’ Behavior
Update: Chinese EV Startup Digs Into Real Estate
Chinese DNA Sequencing Firm BGI Faces Legal Battle with Illumina
U.S. Companies and Consumers Pay for China Tariff Costs, IMF Says
Weibo Shares Slump After Q1 Revenue Growth Slows
Anxin Trust Questioned for Plunging Profits and Accounting Errors
Meituan Sees Strong Revenue Growth, Despite Drag From Mobike
DHL, Panasonic Deny Severing Huawei Ties
China Renewables Industry Comes of Age With Ambitious Subsidy-Free Projects
China Readies 600 Kph Maglev Prototype
Mercedes-Benz Makes it Easier to Trade in Defective New Cars in Wake of PR Nightmare
Shanghai Man Sentenced to Death for Child Murder
How to Find Illegal Lenders? Watch Who’s Taking Cases to the Courts
Pull the Brakes on New Gas Car Sales by 2030, Think Tank Tells Beijing
Hong Kong-Listed China Telecom Gets New Chief
Tencent Leads $250 Million Round in Chinese Travel Site Mafengwo
Cabinet Vows to Promote Debt-for-Equity Swaps to Relieve Debt
More Bidders Join the Race for $5.79 Billion Gree Stake
Regulators Halt High-Interest ‘Smart Deposits’: Sources
Trump Has Scant Power to Bring Manufacturing Jobs Back to the U.S., Chinese Minister Says

By Qu Yunxu and Tang Ziyi / Mar 26, 2019 05:18 PM / Politics & Law

Photo: VCG

Photo: VCG

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.

Related: Trade War Weighs on Manufacturing, Caixin Index Shows
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.