16 countries tipped to succeed the Chinese powerhouse

A new report has identified 16 countries poised to succeed China as the global driver of manufacturing growth.

The group, named the 'PC16' or 'the Post-China 16"'by geopolitical intelligence firm and report authors, Stratfor, includes countries as disparate as Ethiopia, Cambodia and Mexico. Following years of progression, China's growth has started to slow as the economy rebalances away from exports and investment towards greater domestic consumption. Between April and June, the world's second biggest economy grew by 7.5% compared to the previous year, down from 7.7% in the January to March period. The report said the era of Chinese development - predicated on low wages to conquer global ma...