June 26, 2013 (Vietnamica) — Over the past two decades, growth in industrial production in China has far outstripped growth in the other economies in the region. While this partly reflects more rapid growth in Chinese domestic demand, it is also a consequence of China’s increasing integration into Asian supply chains. While several other lower-income economies in east Asia have received substantial foreign direct investment (FDI), China has been the destination for the greatest net amount of FDI over the past two decades. Much of this investment inflow has been used to develop manufacturing capabilities in the region, and these (more…)
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