Mass production of cheap products and then exported to the other countries.China's "world factory" image formed in this century, but this dependent export structure was shocked by the Lehman crisis in 2008.Due to the recession of developed countries, China's exports declines. The Chinese government has introduced a policy of expanding domestic demand, and the Chinese economy has gradually transformed into a structure driven by domestic demand.
     Even if the US economy is recovering, China's exports are harder to grow as much as it used to be. The reason is the appreciation of the renminbi and the impact of expanding domestic demand policy. Production costs rose sharply mainly beause of labor cost. Expected 2017 annual exports will be reduced for two consecutive years.
     The Chinese GDP totaling is about 30% of exports before now is continued to decline year by year, 2017 may fall below 20%. This seems to reflect the reliance on the RMB devaluation has been difficult to restore the competitiveness of exports. If the United States president Trump really raise tariffs on Chinese products, some manufacture will have to transfer the production base to the United States.
In this case, it is estimated that Chinese enterprises will also be through overseas production and overseas investment to find a way out. Just 10 years China began to change from "world factory" to "world investor".