China still world's factory, even upgraded: analyst – Chinadaily.com.cn

Workers weld at a workshop of an automobile manufacturing enterprise in Qingzhou City, East China’s Shandong province, Feb 28, 2021. [Photo/Xinhua] HONG KONG – Despite the rise of production costs, the US-China trade war and the COVID-19 pandemic, China’s position as the “world factory” has been strengthened in the past few years, an analyst has said in an article published recently in the South China Morning Post. While the economy has rebalanced away from export expansion in recent years, there is no let-up on China’s trade competitiveness, Aidan Yao, senior emerging Asia economist at AXA Investment Managers, said in the…