“Foreign companies are flocking to Cambodia for a simple reason. They want to limit their overwhelming reliance on factories in China. Problems are multiplying fast for foreign investors in China. Blue-collar wages have surged, quadrupling in the last decade as a factory construction boom has coincided with waning numbers of young people interested in factory jobs. Starting last year, the labor force has actually begun shrinking because of the “one child” policy and an aging population. Foreign investment in China slipped 3.5 percent last year, after rising every year since 1980 except 1999, during the Asian financial crisis, and 2009, during the global financial crisis.”
Wary of China, Companies Head to Cambodia
- Post author:The Freedom Watch Staff
- Post published:May 5, 2013
- Post category:Network Archives
Tags: Asia, Bankocracy, china, CLibertyC, constitutional liberty coalition, economic Trends, for life and liberty, investment, Mainstream News, Resistance, sound money, The Freedom Watch
The Freedom Watch Staff
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The Freedom Watch Network