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.
 

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