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Some experts pointed out that the waste of resources and the destruction of the environment in China's manufacturing industry are quite severe. Its follow-up crisis is now becoming increasingly apparent, and it is seriously threatening the sustainable development of the economy and society. The extensive development model of “Made in China†rather than “Created in China†highlights serious shortages of stamina and upgrade limitations. China's manufacturing industry is only extensively moving back and forth in the processing and manufacturing sectors. This kind of warming is essentially not a sustainable development but a fragile development model. Therefore, when the financial crisis spreads severely, it is necessary to seize the opportunity in the crisis to achieve survival of the fittest, change the mode of economic development, promote industrial transformation, and achieve industrial upgrading.
Labor shortage highlights the urgent need for industrial upgrading in China's manufacturing industry
The manufacturing industry, which was immersed in the good news of the industry, was recently caught off guard by the unexpected "labor shortage." The personage concerned analyzed that the advent of the anti-season “labor shortage†was due to strong domestic demand and unexpected foreign trade orders. While confirming the manufacturing industry’s recovery, it also highlighted the embarrassing situation facing China’s manufacturing industry transformation.