The Zhitong Finance App learned that Morgan Stanley recently released a research report saying that China is entering a new stage of industrial development and is moving from its low cost and manufacturing scale advantages in the past to ecosystem and innovative leadership. The bank believes that this will have a profound impact on China's industrial supercycle, manufacturing profit migration, and China's position in the global manufacturing value chain.

The Zhitong Finance App learned that Morgan Stanley recently released a research report saying that China is entering a new stage of industrial development and is moving from its low cost and manufacturing scale advantages in the past to ecosystem and innovative leadership. The bank believes that this will have a profound impact on China's industrial supercycle, manufacturing profit migration, and China's position in the global manufacturing value chain.