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Chinese firms, along with peers from other manufacturing nations, have started to transfer at least part of their production bases to less-developed economies in search of lower labor costs. Domestically, the government is pushing industries to move up the value chain, shifting to a new growth pattern based on innovation rather than cheap labor.
Chinese director Yang Fan, member of the jury of the 74th Venice Film Festival, walks the red carpet at Venice Lido, Italy, August 30, 2017. [Photo/IC]
Chinese mainland internet giants JD, Baidu and NetEase, as well as online travel agency Trip.com Group, have reportedly sought floats on the Hong Kong bourse recently.
Chinese companies were represented in all 18 sectors in the Honored Companies table, with lower representation in auto and auto parts, internet, and banking sectors while seeing an increase in basic materials, technology, hardware and property sectors to name a few.
Chinese government bodies are pushing restructuring in the field of coal and electric power so as to fend off coal-fired power overcapacity, according to a statement released on the official website of National Development and Reform Commission Monday.
来源：资阳报