TCL's Li Dongsheng: How can Chinese manufacturing find the next round of growth space?

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Abstract generation in progress

【Caixin】 For the future growth of China’s manufacturing sector, what used to be driven mainly by exporting products needs to shift toward overseas “co-building capabilities,” so as to form an operating system that is rooted locally and serves local markets.

On June 24, during the 2026 Summer Davos Forum, TCL founder and chairman Li Dongsheng said in an interview with Caixin.

Li Dongsheng believes that China’s manufacturing sector has already developed to a new stage. China’s manufacturing sector’s share of the global total has exceeded 30%, and the demand for Chinese industrial goods is about 20% of the global total—meaning that a considerable portion of production capacity must be absorbed through international markets. “Other countries will not forever accept China’s maintaining a huge net export of industrial goods. The way Chinese companies globalize must definitely change.” he said.

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