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China to move production capacity offshore

With the ructions in the South China Sea having monopolised the China headlines of late, a key PRC policy initiative possibly more significant for the expansion of China’s influence regionally and globally has passed under the radar.  In April, at the Lanting forum held in Hebei, PRC Foreign Minister Wang Yi gave a speech entitled ‘Promote industrial cooperation for common development’. He noted that the forum was intended as ‘a new platform for provinces and cities such as Hebei to expand exchanges and industrial cooperation with other countries’. Read more...

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