Higher costs forcing Chinese firms to relocate to Southeast Asia
China’s rising wages and shrinking export demand are forcing manufacturers to relocate to neighbouring Southeast Asian nations and many that remain are seriously considering moving, a foreign trade official from the Ministry of Commerce said… Buyers have “turned their eyes to manufacturers from Southeast Asian countries”, he noted, which has forced him to plan to relocate part of his business. “We will try Cambodia, where labour costs are about just one quarter of what we have in the Pearl River Delta,” he said…
http://my.news.yahoo.com/higher-costs-forcing-chinese-firms-relocate-southeast-asia-091002927.html
