Supply Chains May Be Moving Out of China but Not Really Decoupling
Trade data suggests China's manufacturers are assembling fewer end products there and instead shipping materials to Southeast Asia for final assembly.
Source: businessinsider.com
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Geopolitics cause companies to consider production outside of China
One of China’s biggest water-heater manufacturers said its US clients had demanded it move production out of China in response to rising geopolitical tensions, reports the Financial Times. Lu Yucong, chair of Guangdong Vanward New Electric, blamed American and European protectionism for the shift. The move highlights how not just foreign companies but also Chinese…
Source: chinaeconomicreview.com