INTRODUCTION

Manufacturing has been a cornerstone of China’s economic growth over the past three decades, driving significant demand for industrial real estate. Despite challenges such as rising labour costs and increased geopolitical risks, China has maintained its competitive edge through production efficiency, robust supply chains, and worldclass infrastructure. 

To move up the value chain, China has implemented a long-term strategy to develop expansive and sophisticated supplier and manufacturing networks for next-generation technologies, supported by the “Made aerospace, biotech, IT, smart manufacturing, maritime engineering, electric vehicles, and robotics, among others. Furthermore, the 2035 China Standards aim to set global benchmarks in emerging technologies such as 5G, IoT, and AI. The Yangtze River Delta Economic Belt, centred on Shanghai, is leading this transformation, benefiting from a concentration of talent, expertise, and capital.