profit growth: While its sales slumped by 40 percent each year in 2013 and 2014, the company achieved an annual profit growth of 10 percent, according to Xinhua China. The firm relocated its low-end, labor-intensive production lines to Vietnam, but made Suzhou a base for research and development on new high-end products due to the mature investment environment and complete industrial chain, Han Jiang, an official at the park, said. "That move is quite typical," Han told Xinhua. "The land in the park is being used up. The change is best summed up by two seemingly inconsistent figures from a computer company invested in by electronics multinational Samsung in the industrial park of the eastern city of Suzhou. The workers are no longer cheap. Foreign investment in manufacturing in China barely increased last year, but that in hi-tech manufacturing rose 9.5 percent year on year, accounting for 23.8 percent of the total, official data showed. Our focus in introducing foreign investment should be different in the future." While some foreign investors in China feel the pinch of slowing GDP growth, rising wages and more expensive resources, others find success in adapting to the economy pivot by turning their business towards higher-end products and services.
(news.financializer.com). As
reported in the news.
Tagged under profit growth, computer company topics.