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It is now official: China is no longer the favourite country to build new factories.

The latest Where in the World manufacturing index from property consultant Cushman & Wakefield, identifies Malaysia and Taiwan as the first and second best places, respectively, to site manufacturing plants.

“While countries from Asia Pacific (APAC) still dominate the top half of our index, highlighting the importance of the region as a global manufacturing powerhouse, there remains some underlying volatility.

“Rising labour and operational costs in China, the ...

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