Source:
https://scmp.com/business/companies/article/1863709/manufacturers-step-search-low-cost-alternative-chinaCompanies
Manufacturers step up search for low cost alternative to China
Higher mainland wages have forced labour-intensive industries such as apparel to find cheaper locations, with Vietnam one of the beneficiaries
Vietnam's purchasing manager's index has signalled expansion for 24 consecutive months. Photo: EPA
The exodus of factories moving out of China in search of lower-cost options in southeast and central Asia is accelerating, as manufacturers face increased pressure to reduce unit costs.
Few industries have been spared amid the search for cheaper manufacturing alternatives, with rising Chinese labour rates cited as a major concern affecting industries as diverse as apparel and high-technology.