M&G's Vaight: China cannot rely on cheap labour for long
Investors in China must look to companies not reliant on cheap labour for their competitive advantage, as this will soon fade, says M&G's Matthew Vaight.
The days are numbered for bulk exporters which are a mainstay of many China equity portfolios, he adds. "You cannot build an economy to sustain 1.4bn people on making cheap toys and textiles. The Government...
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