Beijing's push to transition its economy has led to the country moving on from simply being known as the world's factory, according to a top executive at Swiss bank UBS."A lot of things are being created now in China, rather than it just being a manufacturing hub. China is at the forefront of a lot of changes in financial technology. So we see a lot of financial firms using China technology now, whether it's local firms or even international firms," Kathryn Shih, president of UBS Asia Pacific, said. （China isn't just a manufacturing hub anymore, UBS says, by CNBC）
Comment
"Made in China" which are sold all over the world have tagged the stereotype of low-end and cheap as well. Now this image is quietly changing. The transformation and upgrading of “Made in China”，driven by innovation is on the fast track to "Created in China".
（Editor Li Xingyi）
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