The global economic crisis triggered by the Lehman Brothers fiasco has left China with an opportunity to pursue further sophistication of its industrial structure from labor-intensive to a more technology- and capital-intensive model, a Chinese official said Wednesday in Tokyo.
“We are calling on manufacturing businesses, domestic or foreign, to add new value to their products and to exploit (China’s) domestic markets,” said Jiang Ling, vice mayor of the industrial city of Dongguan, Guangzhou Province.
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