Trade war forces companies to consider pulling operations out of both China and US
A new survey shows 70 per cent of US manufacturing firms doing business in China are considering moving all or part of their production out of the country long-term due to the trade war.
The impact of the US-China trade war is spurring foreign and Chinese firms to consider moving parts of their supply chains out of both the US and China over the longer term and delaying or cancelling investment in both countries, a new survey by an American business group has found.
The firms surveyed, which included Chinese and foreign businesses, said they believed the trade war would last longer than a year, according to a white paper on the business environment in China released on Monday by the American Chamber of Commerce for South China.
Countries in Southeast Asian are the primary alternative locations for firms planning a relocation of all or parts of their supply chains.
Some 72 per cent of the 219 firms polled said they were considering moving supply chain sourcing out of China, while 77 per cent said they would move supply chains out of the US.
https://www.scmp.com/economy/china-econ ... ations-out
27 Aug 2019, 5:29 am
