Thursday, July 17, 2014

PEARL RIVER DELTA LOSES MANUFACTURING

From South China Morning Post--

Pearl River Delta losing favour as factory centre for Hong Kong firms


Nearly 30 per cent of Hong Kong-based manufacturers with factories in the Pearl River Delta plan to scale back their investment in the area. The Chinese Manufacturers' Association of Hong Kong says nearly 29.6 per cent of the manufacturers it interviewed as part of a survey said they would reduce investment in the Pearl River Delta in the next three years, up from 26.9 per cent last year. With rising labour costs on the mainland continuing to spook manufacturers, the survey found that 32 per cent of the manufacturers were planning to move their factories to areas with lower costs within three years.