Source:
https://scmp.com/business/companies/article/1863709/manufacturers-step-search-low-cost-alternative-china
Business/ Companies

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.