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Davos execs cool to low-margin markets

Updated: 2014-01-24 07:15
By Ben Hirschler in Davos, Switzerland ( China Daily)

'Gold rush is over' as bosses take new look at developing economies

Multinational companies are becoming pickier about emerging market investments as slowing growth in upstart economies and a recovery in the West takes the shine off a previous sure-fire strategic bet.

Executives in Davos said they remained committed to tapping into rising middle classes from Shanghai to Lagos, but some are pulling back and redeploying resources in particularly difficult, low-margin regions.

Davos execs cool to low-margin markets