West’s de-risking starts to bite China’s prospects of recovery

Foreign investors have been sour on China for most of this year, but data released over the past month has provided clear evidence of the negative impact de-risking strategies are having on the world’s second-largest economy. — Reuters

BEIJING: US furniture company head Jordan England thinks his firm’s Chinese suppliers are among the best in the game, but geopolitics and a slowing economy have pushed him to source more products from South-East Asia, Eastern Europe and Mexico.

“I’m looking to move away from China,” said England, chief executive officer of Florida-based Industry West.