The rating firm cited Bangladesh and Vietnam as potential and promising EMs to grab China's baton as they "already have strong footholds," together accounting for 8 percent of global exports in clothing, footwear and furniture in 2017, up from 3 percent five years ago.
But low wages are not the only thing that matters. Fitch said only those offering a workable business environment and relative macroeconomic and political stability can make the most of opportunities stemming from the shift in China's development strategy.
Some EMs should first overcome hurdles including security risks, poor infrastructure and immature market systems, said the report.
【国内英语资讯:Chinas economic shift creates opportunities for other emerging markets: report】相关文章:
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