manufacturing: Xin said that some exodus of manufacturing to destinations including Vietnam is natural, but China remains the market darling for global investment, according to Global Times China. Xin said that China has maintained its global top 3 ranking in attracting foreign direct investment FDI since 2008 and has been the No.1 destination among all developing countries for 25 consecutive years. Photo Xinhua The scale of manufacturing relocation outside of China is limited and its impact is under control, Vice Minister of Industry and Information Technology Xin Guobin told a press conference on Tuesday, the third official statement on the matter in less than two weeks. In 2018, when global FDI dropped 40 percent year-on-year, FDI into the Chinese manufacturing sector still grew by 23 percent from 2017, said Xin. Xin provided a breakdown of findings from a survey by the ministry. In the advanced manufacturing sector, the growth rate was 13.4 percent during the first half of 2019.
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