Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

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

TRENDING
Making Reference to ‘State Secrets,’ China Moves to Restrict Vulnerability Disclosures
Canaan Shares Up and Down on First Trading Day After U.S. IPO
Chinese Bitcoin-Mining Firm Raises $90 Million in U.S. Listing
LATEST
Chinese AI Giant Megvii Faces HKEx Queries on IPO Application
VC Firm Y Combinator Pulls Out of China Amid Souring Investor Sentiment
Exclusive: Chinese Podcast Startup Ximalaya Plans U.S. IPO in 2020
Canaan Shares Up and Down on First Trading Day After U.S. IPO
Chinese Official Talks Up 5G Subscriber Base With Veiled Criticism of U.S. Policy on Huawei
China Revises 2018 GDP Upward, Citing Changes in Basic Data
U.S. Allows Some Firms to Restart Sales to Huawei, Including Microsoft
New Energy Vehicles Struggle to Find Mass Audience
Alibaba Shares Attract High Gray-Market Bids as Hong Kong First Trading Day Looms
Chinese Officials Reveal New Details of Country’s 6G Research
Meituan Posts Second Consecutive Quarterly Profit
Making Reference to ‘State Secrets,’ China Moves to Restrict Vulnerability Disclosures
Huawei Lawyers Present New Legal Argument to Stop Meng Wanzhou Extradition To U.S.
Third Quarter Earnings Show Parcel Delivery Price War Rages On
China Won’t Arbitrarily Adjust Historical GDP Data, Statistics Official Says
NetEase’s Youdao Posts Both Soaring Revenues and Widening Losses in Q3 Earnings Report
Beijing Police Work With Private Company Sinogene to Admit Six Cloned Dogs
Chinese Bitcoin-Mining Firm Raises $90 Million in U.S. Listing
Tencent-Backed Yeahka to Seek $300 Million in Hong Kong IPO
Pinduoduo Shares Plunge After Report of Wider 3Q Loss
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