China’s low-end exports are now losing global market share. Rapidly rising labour costs in China mean this trend is likely to continue. Although many countries can now compete with China on labour costs, it is countries elsewhere in Asia, able to take advantage of strong infrastructure and existing supply chain networks that will be the main beneficiaries of China’s move out of low-end manufacturing.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services