Box ship building in China hits new heights with 68.5% of global orders
China has become the undisputed front-runner in containership building, with an orderbook, extending to 2030, ...
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Where? South-east Asia. When? Now. As labour, land and other costs continue to escalate in China, its era as the centre of foreign direct investment is clearly coming to an end. That said, cheapness isn’t all – average monthly wages in Myanmar are just a third of their equivalent in China – and much depends on alternative Asian nations’ infrastructure and access to supply chains. The Philippines and Cambodia are particular bright spots.
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