Uniqlo Hong Kong in Causeway Bay. Many Japanese firms that went bankrupt in China could not compete with ‘fast fashion’ manufacturers such as Uniqlo. Photo: David Wong

Why 110 Japanese firms went bankrupt in China last year

Fast fashion, rising labour costs, political tensions and an inability to adapt have many investors picking up the pieces and moving to Vietnam or Myanmar

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Uniqlo Hong Kong in Causeway Bay. Many Japanese firms that went bankrupt in China could not compete with ‘fast fashion’ manufacturers such as Uniqlo. Photo: David Wong
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