"We have seen huge market potential with more and more Chinese customers buying from around the world on e-commerce platforms, and more and more American customers choosing quality products made in China," he said.
Gan Chunhui, deputy head of the China Society of Industrial Economics, said the consumption-driven economy developing in China not only means rising demand for consumption and services, but also will help promote upgrades throughout the industrial chain
American projects in China, for example, have benefited the traditional manufacturing industry elsewhere so that other countries may also participate in the new economy, said Gan.
Many of the ceramic products sold at Shanghai Disneyland, for example, are manufactured in Thailand.
"With value-added products based on intellectual property, traditional manufacturing will release new vitality," he said.
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