News Snippets

Changes in China forcing supply-chain rethink


Low-cost manufacturing is shifting out of China into countries such as Vietnam, Bangladesh and Myanmar.

Firms from Singapore, Japan, Taiwan and South Korea, which have traditionally relied on low-cost production in China, have had to adjust, noted the report. The report also found that trade in Asia has slowed faster than world trade in recent years – the region’s trade expansion has been coming in below gross domestic product growth since 2012.

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