A Comparative Study on the Relocation of Chinese Manufacturing Industries to ASEAN, Africa and South Asia
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Abstract
This paper explores the differences between China and ASEAN manufacturing environments through the study of the relocation of Chinese manufacturing to ASEAN. In view of the phenomenon of a large number of Chinese manufacturing industries relocating to ASEAN, this paper will analyze the advantages and crises brought by the manufacturing environment of China and ASEAN. This paper interprets it through literature research. The results of the research confirm that China's low-end manufacturing enterprises have already begun an irreversible outflow, and ASEAN is more attractive than Africa and South Asia in terms of land and manpower. Although the manufacturing transfer has certain drawbacks, it is still a win-win situation for China and ASEAN. ASEAN should raise the upper limit of market access, relax financing policies, increase fiscal and taxation support, and provide relevant citizen benefits, while China should also encourage companies to invest and start businesses abroad, so as to achieve positive interactions brought in by going global. The research in this paper can help governments and investors in China and ASEAN to make rational decisions.
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