News of China’s economic growth slow down has been trending in news and social media circles. Almost to everyone’s liking, China looks like it’s plateauing.
This is largely due to it’s own making but their recovery may be blocked by the making of others. As China’s production quality lingers at sub par standards and it’s manufacturing rates rise to meet the demands of higher paid workers, Global consumers and brands are looking for better business ratios.
Vietnam and Indonesia pounced on these opportunities.
In HO CHI MINH CITY, The Purchasing Managers’ Index (PMI) announced 52% in Feb. That’s from 51.5 in Jan. Manufacturing rose 17th months in a row, according to Hong Kong Shanghai Banking Corp (HSBC).
According to the WSJ the new president of Indonesia, Mr. Widodo said the government plans on pouring $22 billion into infrastructure projects. He will also drop $3 billion into state owned entities.
This investment has already yielded move-ins from many major Asian corporations like LG, Hyundai, and Samsung into Indonesia.
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