As labor costs in China soar, manufacturers are moving on
(NEWSER) - Foreign manufacturers invested $83 billion in China last year, keeping it at the top of the list of overseas producers. But a confluence of circumstances—high inflation, changing government policies, and, above all, rising wages—have led corporations to start looking elsewhere in Asia, the New York Times reports. The shift to other parts of Asia, especially Vietnam, reflects a "China-plus-one" strategy, in which multinational corporations diversify their manufacturing operations. More»
