China says policies unaffected by Trump plan to bring factories back to U.S.

China is closely following U.S. President Donald Trump's plans to create more domestic jobs by encouraging U.S. companies to bring home or "reshore" their overseas production, but the government will not change its overall strategy, Industry Minister Miao Wei said on Friday. "Regarding President Trump's efforts to revitalize U.S. manufacturing and allow more U.S. companies to move back to the United States, we are paying close attention to these policies but they will not affect the development of China's manufacturing industry," Miao said at a press briefing.

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