Commentators such as Bruce Rockowitz, chief executive of Li & Fung, a manager of supply chains for major brands and retailers worldwide predicts the end of an era in Chinese manufacturing.
As the average wage rises in China, manufacturers of previously cheap goods are beginning to move their production elsewhere, to places such as Western China, Vietnam, Bangladesh, Malaysia, India and Indonesia. Li & Fung handles roughly 4% of China’s exports to America and a significant proportion of Chinese exports to Europe too. The firm also…
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