Southeast Asia must embrace reforms for ‘China plus one’ to succeed
This story is now colliding with a harsher reality. The anticipated wave of transformative foreign investments has been smaller than hoped, while a flood of cheap Chinese goods is hurting local industries. Wage growth remains weak, factory closures are spreading and political frustration is rising.The source of the problem is not China.
- ▪This story is now colliding with a harsher reality.
- ▪The anticipated wave of transformative foreign investments has been smaller than hoped, while a flood of cheap Chinese goods is hurting local industries.
- ▪Wage growth remains weak, factory closures are spreading and political frustration is rising.The source of the problem is not China.
South China Morning Post files mainly under world. We currently carry 1,253 of its stories.
Opening excerpt (first ~120 words) tap to expand
.css-1e339y7{z-index:1400;}.css-1e339y7 .MuiDrawer-paper{overflow-y:hidden;}.css-1e339y7 .MuiDrawer-modal{background:rgba(0, 0, 0, 0.2);}.css-1h2k762{z-index:1200;z-index:1400;}.css-1h2k762 .MuiDrawer-paper{overflow-y:hidden;}.css-1h2k762 .MuiDrawer-modal{background:rgba(0, 0, 0, 0.2);}.css-1whztno{position:relative;}.css-1whztno:first-of-type .er6t7fe40>*:first-child{padding-block-start:0;}.css-ahnbry>*:first-child{padding-block:var(--mobile-widget-gap, 16px);}@media (min-width:768px){.css-ahnbry>*:first-child{padding-block:40px;}}.css-hhdj32{--content-tablet-up-max-inline-size:600px;--widget-extra-padding:12px;--mobile-widget-gap:16px;--desktop-widget-gap:18px;display:grid;grid:"header-container" min-content "leading" min-content "content-container" min-content "widgets-bottom"…
Excerpt limited to ~120 words for fair-use compliance. The full article is at South China Morning Post.