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HOME > PAST ISSUE > REPORTS [Premium content]March 2007
Enviable growth rates have made Vietnam a worthy alternative but China will gain more than it loses
Vietnam's accession to the WTO has induced a flurry of speculation about the impact on China's status as the world's go-to manufacturing base.
Both countries share relatively stable Communist governments and both have successfully managed high growth rates and attracted much foreign investment. But whereas China has recently seen labor shortages and an increasing average wage rate, Vietnam still remains in the initial states of economic development.
Just as the media ...
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