【申万宏源策略】制造出海下半场：生产性服务业开启全球卡位

Core Viewpoint - The article discusses the second half of manufacturing's overseas expansion, emphasizing the role of productive service industries in establishing a global presence [2] Group 1: Manufacturing Overseas Expansion - The manufacturing sector is entering a new phase of overseas expansion, focusing on enhancing global competitiveness through productive services [2] - Companies are increasingly leveraging productive service industries to optimize their supply chains and improve operational efficiency [2] Group 2: Productive Service Industries - Productive service industries are identified as key drivers for manufacturing firms looking to expand internationally, providing essential support in logistics, technology, and customer service [2] - The integration of productive services is expected to lead to significant improvements in manufacturing output and market reach [2]