CHINA: Are multinational supply chains exiting China?

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● The US-China trade war and the coronavirus pandemic both raised expectations that multinational companies could shift supply chains away from China. ● So far, clear evidence of supply chain migration is scarce. Multinationals are likely to pursue a "China plus one" strategy of diversification, rather than withdrawal from China. ● Governments in the US, Europe, and Japan are considering policies to induce companies to re-shore production to their home markets, but these efforts are still at an early stage. Rising labor costs, trade war, and Covid-19 all fueled predictions t
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