05 Jul How bad is China’s manufacturing exodus, and does India stand to gain from it?
Synopsis
Covid policy disruptions have added to China’s pressures from rising labour costs and worsening Sino-U.S. trade tensions. With low labour costs and surging domestic demand, south-east Asia and India have become the most popular destinations. However, trade experts say these destinations still have enormous hurdles to overcome in competing with China.
Denise Jia China’s strict pandemic controls blocking production and logistics threaten to add impetus to the manufacturing exodus that has been picking up speed over the past decade, international trade experts said.The Covid policy disruptions add to pressures from rising labor costs in China and worsening Sino-U.S. trade tensions. With low labor costs and surging domestic demand, Southeast Asia and India have become the most popular
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