Monday, 11 July 2016

More on the spatial fix to Myanmar

"Chinese garment factories are interested in investing in Myanmar due to the country’s cheap labour and market potential. As... China’s basic wages have been rising, textile proprietors are flocking to Southeast Asian countries, where wages are relatively cheap... Myanmar’s garment industry began blooming in 2014 and earned $1.5 billion from exports. More than 230,000 workers were involved in the industry as of 2015. Foreign investment into the industry is also rising; 26.5 per cent of Myanmar’s total FDI went into garment industry in 2013, followed by 27.4 per cent in 2014 and 29 per cent in 2015. The industry runs on a piecework basis. Myanmar’s garment exports primarily go to Japan, the EU and South Korea." 
"China eyes Myanmar garment industry: Hong Kong trade report," Eleven Media, 28 June 2016

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