China Market Insider The Return of the Manufacturing Industry to China
Some manufacturing companies are relocating their production from Vietnam back to China. Reasons for this include power outages, longer delivery times, and lower production costs.
(Image: © Eisenhans - stock.adobe.com)
“China +1” sounded like a good idea, but now the first factories are returning from Vietnam to the People’s Republic. It turns out that “reducing dependencies” or circumventing U.S. tariffs is harder than expected.
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