China may be losing its edge as the world’s cheapest place to manufacture goods, a new report suggests.
The report by consultants KPMG says that minimum wage levels in China are now four times greater than other places in South and South East Asia.
Indonesia and Bangladesh are benefiting as rising costs in China force firms to switch production, the report says.
Is China Losing Edge as Low Cost Manufacturer? Read the BBC article to learn the answer.
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