Summary Box: Factories quit China for Philippines

Summary Box: Officials say southern China manufacturers moving to Philippines as costs rise

Associated Press

RISING COSTS: Higher labor costs on China's southern coast are causing some big foreign manufacturers to relocate to the Philippines. One company that left that country is returning, and another major garment maker is seriously considering a move.

FACT-FINDING: Philippines Trade Secretary Gregory Domingo said his country is seeing a spike in investor fact-finding missions.

YOUTH FUELS GROWTH: By 2015, a majority of Filipinos will be of working age, considered a demographic "sweet spot" that encourages growth.

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