Trade war and costs speeding shifts of production to ASEAN and USA

September 21, 2018 by Brian Wang

Manufacturers are expanding to other regions in Asia because of rising mainland labor costs in recent years. This move is speeding up with the Trade War. Hong Kong and mainland companies are planning to hire more staff in cheaper regions of Asia as trade tensions between Washington and Beijing prompt firms to shift parts of …

Asian economies out to 2030, India third place world economy by 2028

December 8, 2017 by Brian Wang

Japan Center for Economic Research has forecasted the Asian economies out to 2030. The center released its third Medium-Term Asian Economic Forecast for 2017 through 2030. The report, titled “Digital Asia 5.0 — Innovation changes economic power relationship,” puts the Philippines on track to log 6.4% real GDP growth in 2030, with India expected to …