In the next 3-5 years, the share of emerging marketing economies in the global manufacturing output will increase gradually, although the pace of growth is not strong.Meanwhile, the reshoring of manufacturing in industrial countries is increasing, but at a smaller scale than the trend of offshoring.So the trend is still a net moving out of industrial capacity from those countries.In service sector, the hollowing out process in industrial countries continues, although the scale is reduced.The cost advantage of Chinese manufacturing is decreasing dramatically, but China will maintain its position as one of the most important manufacturing centers in the world. <<