chapter  6
13 Pages

A New World Factory and China’s Labor Force

WithYan-Zhong Wang

The key to integration with the world economy is the liberalization of commodities, services, investment, and finance including high-technology staff to some extent, while not including the global liquidity of the general labor force. China has built an independent and completely modern industrial system since the latter half of the twentieth century. Industry enjoys a more prominent position in the national economy. The output of China's major industrial products now ranks among the highest in the world. China's foreign trade has strengthened its position in the world economy. The manufacturing sector with international comparative preponderance becomes the principal support for China's incorporation into the world economic system. China's international labor cooperation in the narrow sense refers to the export of labor services. The huge potential for China's participation in the labor sector of the international market has created the possibility of China becoming the processing center of world manufacturing.