Is China losing its status as the “workshop of the world,” and will it be replaced by countries such as Viet Nam and India?
Some say they already have abundant examples to support this argument. For example, U.S. semiconductor giant Intel is to invest more than $7 billion to build a factory in Malaysia and Murata Manufacturing Co. Ltd. from Japan plans this year to establish a factory in Thailand that is of similar size to its current factory in Wuxi, Jiangsu Province in east China. Moreover, many multinational corporations reportedly have formulated “China Plus One” strategies, aimed at lowering the concentration of their supply chains in the world’s largest developing country.
At the same
