Hong Kong, July 17 (Xinhua) - Despite the increase in production costs, US Commercial War UU and the COVID-19 pandemic, the position From China as the "World Factory" has been strengthened in recent years, an analyst has said in an article recently published in Southern China Morning Post.

While the economy has rebalanced from expansion of export in recent years, there are no concessions in the commercial competitiveness of China, Aidan Yao, Emerging Economist of Asia High level in AXA investment managers, he said in the article.

In spite of us increases the rate on Chinese products, China's market share was still grewing at the global stage, since exporters explored new markets in the Southeast Asia and the countries involved in the initiative of the belt and the road, Yao said, adding that the deviation of export has also helped by circumvent some commercial taxes.

China's blunt response was quite effective in ignoring the Covid-19 outbreak, raising the way for a rapid resumption of production and exports and convert it In the provider of the last resort on many products related to the pandemic, Yao said.

Effective defense against the commercial war and the COVID-19 reflects the resilience of the China supply chain ecosystem, which is no longer based on cost competitiveness He said, highlighting an accelerated improvement of the national production system allowed the Chinese economy to move the chain of value.

The emergency of China as an export power has also remodeled the landscape of global trade and developed economies, led by Japan and the United States. They have lost significant market share in China in medium to medium export segments, he said.

The country may have lost some market share in the down and labor. -Intsensive sectors, but has locally preserved many critical supply chains, and help, observing that China is able to establish an inclusive and lasting production ecosystem that could prolong its days as the "factory in the world". Enditem follow by China.org.cn on Twitter and Facebook to join the Tianjinjobs.com/view-blog/902" target="_BLANK">conversation. Download applications from ChinaNews


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