One lesson Asia’s emerging manufacturing powerhouses can learn from China

Quick Summary:

Asian countries may suffer setbacks in their manufacturing ambitions if they aren’t able to produce more sustainably from the start and decarbonise rapidly.

Developing Asian countries are poised to take a greater share as global manufacturers diversify away from China.

Despite a surge in industrial policies in the developed world urging the redirection of manufacturing back home, Asia and Oceania was the only region in the world to experience manufacturing output growth in the third and fourth quarters of last year, according to the United Nations Industrial Development Organization.

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Article Details

Author / Journalist: Janet Pau

Category: Business

Markets: Hong KongBangladeshChinaIndiaIndonesiaMalaysiaSingaporeThailandVietnam

Topics: Manufacturing Climate Asian Growth Countries Developing Production Sustainability World China Green

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 20:30:08 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 986 words

Reading Time: 6 minutes read

Sentences: 47 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21652915

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