OceanX radar: Doom & gloom at the IMF; China's new plan; Bought in the US of A
Here comes the rain again
© Khunaspix Dreamstime.
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.
Comment on this article