With the rapid increase of domestic costs, the dividend advantage of "Made in China" is no longer available, and more and more production enterprises begin to move their production lines abroad. It is expected that more enterprises will move to Southeast Asia and other places in the future.
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With the salary standard set by the China government gradually becoming too high, Adidas hopes to partially withdraw from China and move to areas with cheaper labor. Adidas thinks countries such as Laos, Cambodia and Vietnam are better markets.
In fact, in recent years, the production bases of many domestic and foreign manufacturing enterprises have shifted from coastal areas to the west and even Southeast Asia. Vietnam and Bangladesh, in particular, are increasingly favored by European and American businessmen. The biggest reason is that the wages paid to workers in these countries are far lower than those in China.
People's Network-Adidas closes China factory.