Emerging Markets - Highlight
23 Jan 2017
Hong Kong manufacturers with factories on the Chinese mainland are facing the double whammy of cost escalation and the need for industrial upgrade and transformation. While maintaining mainland-based operations for R & D, many manufacturers are considering relocating or diversifying their production to other Asian countries. Mainland Headwear serves as a good example of transformation, having relocated part of its production to Bangladesh.
The setting for the launch of the Belt and Road Initiative, Indonesia has been one of the first to benefit from the massive investment China has subsequently unleashed in order to deliver its ambitious global logistics and infrastructure upgrade.
As countries across Africa seek to reinvent their cities, driven by archaic infrastructure and the needs of their increasingly urbanised population, many governments are currently looking for overseas partners to help reinvent the continent.