请把下面的汉语翻译成英文：
过去15年间，中国已飞速发展成为全球制造业强国之一，几乎所有大型外国公司都已在中国建立业务。中国制造业不再仅限于生产用于出口的廉价基础部件，而是将主要精力投在生产精密产品和满足快速增长的国内需求上。
参考答案：
China has emerged so rapidly as a manufacturing powerhouse over the past 15 years that nearly all major foreign companies have set up operations there. And they are no longer simply building cheap production bases for exports but are focusing on sophisticated products and China’s booming domestic demand.
