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Mass exodus: US firms leaving China due to trade war doesn’t mean they are coming home

Mass exodus: US firms leaving China due to trade war doesn’t mean they are coming home

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Nearly 40 percent of US corporations operating in China are mulling leaving the country amid the ongoing trade dispute between the two countries, the latest poll carried out by two American business lobby groups in China reveals. “The negative impact of tariffs is clear and hurting the competitiveness of American companies in China,” a press release from the lobbying bodies reads. However, less than six percent of the surveyed firms are ready to move their manufacturing facilities back to the US with 24.7 percent of those who are thinking of relocation expected to settle in South East Asia. Mexico is reportedly the destinations for 10.5 percent of the respondents. Nearly 8.5 percent may move their production lines to India, Bangladesh, Pakistan or Sri Lanka. The poll, conducted jointly by the American Chamber of Commerce in Shanghai and the Beijing-based American Chamber of Commerce in China, covers 250 firms, 61.6 percent of which are manufacturing-related, 25.5 percent represent…
Source: Mass exodus: US firms leaving China due to trade war doesn’t mean they are coming home

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