男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Economy

China may become Mideast and Africa manufacturing hub

(Xinhua) Updated: 2012-06-13 10:33

DUBAI - Exports from the Middle East and Africa are poised to grow up 12 percent in the next decade, as the region is on the way to succeed China as a key manufacturing hub for low cost goods, global consultancy, Ernst and Young said in a report published Tuesday.

Commenting on the report, Bassam Hage, Middle East and North Africa Markets Leader at Ernst and Young in Dubai, said, "While China is still very competitive, rising wages are opening up opportunities for Africa and the Middle East."

The report said that "technological advancements and the process of industrialization in the MEA region will lead to metals, chemicals and other "intermediate" goods becoming an increasingly important part of their exports as they seek to position themselves in the global supply chain."

Hage added that "With a fast-growing labor force, they have the potential to become the next world assembler, possibly replacing China, as China specializes in higher-value added goods. But for this to happen there will need to be an investment in infrastructure and the continued fostering of entrepreneurship."

The study identified 25 Rapid Growth Markets which would have the potential to trigger a seismic shift in global trade patterns. On specific trade flow forecasts, Hage said that "Exports to Russia from the region will show significant growth of close to 12 percent per year from sub-Saharan Africa and 14 percent from the Middle East and North Africa region."

In addition, intra-trade among Rapid Growth Markets is poised to soar. "The increase in the middle class in Rapid Growth Markets, particularly in Asia, will drive growth in consumer demand and trade flows between Rapid Growth Markets. Ernst and Young took China as a specific example for forecasting, saying that "the number of households in China with a real disposable income of $30,000 to $50,000 will increase from 1.6 million in 2010 to an estimated 26 million in 2020. In addition, "Flows of goods from China to India are expected to grow by 22 percent per year over the next decade."

Because of this shift, MEA countries will increasingly focus in their export policy on trade destinations in the East.

According to Hage, Ernst and Young stated he was optimistic for the MEA region in the medium-term, saying that "in addition to the rise in oil prices benefiting the region, non-oil activity is likely to remain strong especially with the steady labor force growth. Government spending and the increase in trade between Rapid Growth Markets, will serve as significant catalysts to growth and, in turn, be hugely beneficial for companies that invest in these markets."

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 宜城市| 肇州县| 浏阳市| 株洲县| 西乡县| 白朗县| 精河县| 海口市| 临猗县| 贵德县| 纳雍县| 闻喜县| 旬阳县| 甘洛县| 建水县| 黔西| 工布江达县| 全州县| 筠连县| 马尔康县| 南投县| 民勤县| 武川县| 湘潭市| 竹北市| 阿鲁科尔沁旗| 西吉县| 鸡泽县| 泽普县| 凤山市| 大足县| 天水市| 双江| 南木林县| 马龙县| 喀什市| 革吉县| 昌黎县| 辽阳市| 余江县| 保德县|