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Why do we still need to develop manufacturing services even if Made in China has become "No. 1 in the world"?

There is a famous "smile curve" in economics. The "smile curve" tells us that on the value chain curve of modern manufacturing industry, manufacturing and processing are always at the middle and low end; while R&D, design, sales and service are at the high end of the curve,however, they are more needed to increase the added value of the industry.

2021/07/05
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