On September 4th, domestic and foreign investors who tasted the "sweetness" of China's reform and opening up in the last round of global manufacturing transfer are beginning to turn their attention to China's neighbor, the ASEAN countries.
“There were few ASEAN products in the past.†Li Liguang, who has been a professional visitor to the China-ASEAN Expo for three consecutive years, said that many of the products originally in the “Made in China†category have competitors made by “ASEANâ€. The price is cheaper.
In fact, the transfer of Chinese manufacturing to ASEAN is only a microcosm of the rapid development of “ASEAN manufacturingâ€. Even the high-tech IoT-related industries are seeking "southern flight." "From technology and product output to investment in setting up factories, it is expected that the industry will transfer ASEAN, and there will be substantial progress in three years." Jiang Tai, director of the China RFID (Radio Frequency Identification) Industry Alliance, said that the cameras used in the future of Internet of Things applications, Physical devices such as sensors and RFID tags are highly likely to be produced in ASEAN.
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