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The coming boom in western China--China Economic Net

In China s eastern provinces, global companies in labor-intensive industries like electronic assembly and processing tend to invest relatively more, especially in land and labor. Glad tidings await such companies, however, in China s vast western region with more than 400 million population. The western region is expected to become competitive in attracting more foreign direct investment in the manufacturing sector, and is foreseen vying with India and Southeast Asian economies for the next wave of FDI inflows. In recent years, Southeast Asian countries, in particular Vietnam, have emulated many of China s development paths, including establishing bonded areas, industrial parks and zones, to attract FDI from the US, the European Union, Japan and South Korea.

The coming boom in western China

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