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.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!