Why ‘Made in Ethiopia ’ Could Be The ‘Next Made in China’

By Tom Gara

Workers at a factory in Hangzhou, China, making national flags for the 2014 FIFA World Cup.     Agence France-Presse/Getty Images
Workers at a factory in Hangzhou, China, making national flags for the 2014 FIFA World Cup.
Agence France-Presse/Getty Images

China’s was once known as cheapest factory floor on the planet, but in the last two decades its economy has transitioned to become one of the world’s most advanced industrial powers. That means someone else needs to start making all those shoes and sweatshirts, hence all those apparel companies in recent years moving their factories to Vietnam and other cheap spots throughout Asia.

And it’s not just Asia. China’s Huajian Group plans to invest up to $2 billion in Ethiopia in the next decade, turning the country into a shoe manufacturing base for exports to the U.S. and Europe. Read more…

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