It is said:
Report: China still key factory base amid downturn
While some operating in China are planning layoffs or temporary leaves of absence for staff, a full 80 percent said they intend to expand production capacity in China in the coming one or two years.
A majority of the companies surveyed, most of them U.S.-based manufacturers of industrial and consumer goods, said they planned to increase investments in factories and new technology in China over the next year or so.
Only a year ago, a similar survey by the American Chamber of Commerce and Booz & Co. found that China risked losing its competitiveness due to surging costs for labor and raw materials, among other factors.
A year later, with many home markets in full-blown recession, companies view China as one of the few good options. A growing number are making it a hub both for production both for export and selling to the local market of 1.3 billion potential customers.
"China continues to be the most promising growth play," Haddock said.
--- On Fri, 2/20/09, Elaine Sui <elainesu...@gmail.com> wrote: From: Elaine Sui <elainesu...@gmail.com> |
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