Firms start great hedge of China.

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Increasing labour and commodity costs in China are causing global businesses to rethink their growth plans, according to a survey by the Economist Intelligence Unit and credit insurer Atradius. This is creating a trend known as the "China plus one" strategy as firms seek to spread their operations wider across Asia. Many are seeing their profits elsewhere in Asia outstrip their returns in China. In the survey of businesses, most of which had HQs in Europe or the US, 15 per cent of respondents expected revenue growth of over 25 per cent annually from their operations in south-east Asia. Other firms said they were looking at the second tier of emerging markets in the region because they were having...

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