Tiffany & Company is quietly building a diamond-polishing factory in Cambodia, a country popularly associated more with killing fields and land mines than baubles.
Some of Japan’s biggest manufacturers are also rushing to set up operations in Phnom Penh to make wiring harnesses for cars and touch screens and vibration motors for cellphones. European companies are not far behind, making dance shoes and microfiber sleeves for sunglasses.
Foreign companies are flocking to Cambodia for a simple reason. They want to limit their overwhelming reliance on factories in China.
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Keith Bradsher, New York Times via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/wLrICeZbe0k/
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