According to Los Angeles Times, visitors from China are now the biggest-spending travelers to the U.S. In all of the U.S. the average spent as a whole by Chinese visitors is $7,105, by Indian visitors is $6,659, by Brazilian visitors is $5,604, and by Japanese visitors is $4,541. In California...
Labor costs in China are rising
According to an article on EMSnow.com, labor costs in China are rising fast due to pressure from human right organizations but also from government regulations to avoid social unrest and rising middle class expectations. CBA forecasts that the costs might keep increasing in the next two or three years. According...
Top Asia Pac investment destinations
According to the FDi report 2013, here are the five destinations which were preferred to invest in Asia-Pacific in 2012. As you can see, China is the favorite country for FDI, quickly followed by India with a number of projects reaching 704. In total, the region of Asia-Pacific has attracted...
Manufacturing competitiveness by Country
Ranks for 2013 Rank Country Index score (10=high, 1=low) 1 China 10.00 2 Germany 7.98 3 USA 7.84 4 India 7.65 5 South Korea 7.59 Expected ranks in five years Rank Country Index score (10=high, 1=low) 1 China 10.00 2 India 8.49 3 Brazil 7.89 4 Germany 7.82 5 USA...
India attracts 30 percent of BRICs FDI
According to the FDi report 2013, three of the BRICS countries namely India, China and Brazil, ended up in the top 5 destination countries for Foreign Direct Investment (FDI) globally in 2012. Collectively, they attracted 18% of all global FDI projects. Regarding India, is has attracted 30.02% of all the...
IKEA goes local for India and China
According to Reuters India, IKEA Chief Executive Mikael Ohlsson devoted much time to acquiring local knowledge of what consumers desire in their furniture, in order to give the company an edge. Through their accumulation of knowledge, they will accommodate to the needs of the cultural majority. "Most people don't really...