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'World's Factory' Aims for Upgrade With 'Made in China' 2025

China’s heyday as the "world’s factory" is fading as labor costs rise and export demand has faded. To address that and other challenges, the world's second-largest economy has unveiled a plan to beef up its presence as a global manufacturing power. "Made in America" is a 10-year campaign, approved by Premier Li Keqiang, to close the huge gaps between advanced industrial nations and China, which no longer can rely on low-end manufacturing and exports...

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