BOOMING BUSINESS: Exports of high-tech products will grow more quickly than exports of other goods over the next 15 years as emerging Asia moves away from being a low-cost production hub for foreign brands and toward developing value-added local products, according to research from HSBC. — Reuters
WASHINGTON: Exports of high-tech products will grow more quickly than exports of other goods over the next 15 years as emerging Asia moves away from being a low-cost production hub for foreign brands and toward developing value-added local products, according to research from HSBC.
High-tech goods would make up more than 25% of goods traded by 2030 compared to 22% in 2013, HSBC said in its latest global trade report, which forecast trade would pick up only slowly in the near term.
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