Dual-circulation, emissions goals drive industry change
Automation, robotics helping meet skilled labor shortages, boost overall quality
Running a manufacturing business used to be a snap for many senior executives in China two or three decades ago. They received orders from both Chinese clients and their headquarters from cities such as Munich, Chicago and Tokyo, then manufactured and shipped the items to various destinations across China and the rest of the world. Many of these bosses had more time to enjoy their morning coffee and afternoon tea during that period.
Today, this kind of management and business mode certainly would get a CEO in trouble.
Together with China's rapid economic growth and vast home market, many multinational corporations have already changed their operational focus from serving the Asia-Pacific or other offshore markets to focusing primarily on the Chinese market.