HONG KONG: As the global economic axis tilts towards Asia, European businesses are at risk of being left behind, according to a report released Wednesday by HSBC bank. The model where the West did the development work and the East took care of production with cheap labour is dead, it says, adding that innovation will increasingly originate from the East. "Unless European business confronts the implications of the re-balancing of economic power and the growth of Asia, business opportunities will...
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