{"id":51361,"date":"2015-06-06T02:56:49","date_gmt":"2015-06-05T18:56:49","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=51361"},"modified":"2015-06-06T13:22:32","modified_gmt":"2015-06-06T05:22:32","slug":"chinese-manufacturers-to-put-up-factories-in-asean-countries","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/06\/06\/chinese-manufacturers-to-put-up-factories-in-asean-countries\/","title":{"rendered":"Chinese manufacturers to put up factories in Asean countries"},"content":{"rendered":"
\"Flags<\/a>
Flags of each country member of the Association of Southeast Asian Nations. (Photo from Asean’s website)<\/figcaption><\/figure>\n

Chinese manufacturers are considering Southeast Asian countries as ideal locations for their factories and operations with Cambodia, Laos and Myanmar\u2019s low-cost labor; Indonesia, Philippines, Thailand and Vietnam\u2019s cost-effective business; and Malaysia and Singapore\u2019s high-value manufacturers.<\/p>\n

Even more, China and Asean countries complement each other in the production chain, rather than compete with one another. The countries\u2019 attractive policies also serve as incentives to the businessmen.<\/p>\n

\u201cTake cotton yarn for instance. The raw materials are processed in Southeast Asia and then repurchased by Chinese businesses,\u201d Chinese chamber\u2019s secretary-general Zhang Xi\u2019an said.<\/p>\n

As a result, more Chinese manufacturers are planning of establishing companies in Asean countries. \u00a0Moreover, Chinese industry players are now planning to visit Asean countries next month to explore more business opportunities.<\/p>\n

In the next 10 to 15 years, Asean may become the \u2018world\u2019s factory,\u2019 as perceived by economists due to the region\u2019s young workforce and strategic location.<\/p>\n

\u201cThe policy makers have put the building blocks and framework in place. The call goes out now to companies to make the region a focal point of their growth plan and pursue an Asean-centric strategy,\u201d Maybank Kim Eng Group chief executive officer John Chong said.<\/p>\n

\u201cAsean\u2019s time has come. Doing business in this region is no longer about biding your time until suitable opportunities come along, but about being a frontrunner and making your mark on the young, impressionable, up-and-coming Asean consumer,\u201d he added.<\/p>\n

Asean is also believed to emerge with a single market with free trades of goods, services and investments.<\/p>\n","protected":false},"excerpt":{"rendered":"

Chinese manufacturers are considering Southeast Asian countries as ideal locations for their factories and operations with Cambodia, Laos and Myanmar\u2019s …<\/p>\n","protected":false},"author":33,"featured_media":51364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,16],"tags":[],"class_list":["post-51361","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news","mauthors-cyra-moraleda","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/51361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=51361"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/51361\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/51364"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=51361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=51361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=51361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}