African trade with Asia and Europe lights up as countries boost export verticals
Increased sourcing from Asia and a bolstering of exports and export diversity is leading to ...
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Rising costs and geo-political tensions have seen an increase in the number of Chinese companies relocating their production to other Asian countries.
The main beneficiaries of the trend, first started by western companies in 2018 following the start of the trade dispute between China and the US, have been Malaysia, Thailand, Vietnam and Indonesia, reports the South China Morning Post. Subcontinent economies, including Bangladesh and India are also benefiting, thanks to their large and comparatively young and lower-paid workforce.
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