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China manufacturing: can Beijing prevent a US-style collapse of its key sector?

Summary:
[unable to retrieve full-text content]China must ensure manufacturing remains the backbone of its economy and not allow it to slowly wither, as had happened in the United States, economists say.Cai Fang, a former deputy head of the Chinese Academy of Social Sciences who now works as an adviser to the People’s Bank of China, said manufacturing’s share of gross domestic product (GDP) had been falling since 2006 and alarm bells were starting to ring.“The manufacturing sector has always been the most important and most basic part of…

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[unable to retrieve full-text content]
China must ensure manufacturing remains the backbone of its economy and not allow it to slowly wither, as had happened in the United States, economists say.Cai Fang, a former deputy head of the Chinese Academy of Social Sciences who now works as an adviser to the People’s Bank of China, said manufacturing’s share of gross domestic product (GDP) had been falling since 2006 and alarm bells were starting to ring.“The manufacturing sector has always been the most important and most basic part of…

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