Expo gives evidence of manufacturing shift
By Wang Zhuoqiong in Nanning | China Daily | Updated: 2012-09-26 08:01
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Vietnam's booth at the China-ASEAN Expo in Nanning, the capital of the Guangxi Zhuang autonomous region. Businesses have been investing heavily in Southeast Asian nations, where labor costs and land prices are lower compared with China. Peng Huan / For China Daily |
The Bangkok-based Chia Tai Group plans to redirect more of its agricultural investment from China to Association of Southeast Asian Nations, or ASEAN, countries, which tend to have lower labor costs and land prices.
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