BEIJING: Both domestic and foreign-funded companies in China have been readjusting their supply chains amid dynamics in total costs, uncertainty in tariffs, vulnerabilities of globalised supply chain and governmental push for reshoring.
Nonetheless, the supply chain shifting outside of the global manufacturing powerhouse in Asia doesn’t mean companies are leaving China, according to experts who spoke to Xinhua.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
