Note that the chart above does not mean there is more manufacturing investment in ASEAN vs. China now. It just focuses on FDI.
In China, business GCF (especially industrial) is growing as a share of GDP, picking up the slack for property and traditional infrastructure declines.
In China, business GCF (especially industrial) is growing as a share of GDP, picking up the slack for property and traditional infrastructure declines.
Comments
We are already seeing these themes play out with India competing with Vietnam and Indonesia for a slice of Apple's manufacturing.
We should expect its influence to only continue to rise in the decades ahead.