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Multinational Corporations Step up the Search for the “Next China”
As far as foreign direct investment in Asia is concerned, China is still the undisputed leader, drawing approximately $42.78 billion in just the first five months of the year, an increase of 55% from the same period a year ago.
But China is coping with a number of growing pains that include higher wages and a strengthening currency. That has left a void for other emerging markets to step up and take the place of a multinational corporation’s best friend.
China used to be thought of as the world’s factory floor – a haven of cheap labor and minimal regulatory oversight for…
20Jun2008 | Money Morning | Comments Off | Continued
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