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Asean set to become Asia's next Pearl River Delta

Friday, June 19, 2015 - 05:50

ASEAN is poised to become Asia's next low-cost manufacturing powerhouse as wages in China's Pearl River Delta (PRD) factory belt continue to creep up. As China's wage competitiveness wanes, Asean stands to gain, with its lower costs and abundant supply of labour over the next 20 years.

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