China's Rising Costs to Benefit Other Asian Nations

Asian nations, such as Bangladesh, have a huge opportunity to capitalise on rising costs in China, reports the South China Morning Post.


According to the Post, Bangladesh, which has the lowest minimum wage in the world at just US$25 a month, is poised to reap the benefits, as long as it can address its own labour disputes and fix its infrastructure.


Citing analysts, the Post says that an appreciating yuan would further erode the mainland's labour-cost advantage, amid a decreasing pool of cheap workers.


Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern