Foreign direct investment in Vietnam’s manufacturing sector has risen to 11 per cent a year over the past five years, and it has been a key driver of Vietnam’s export growth, according to data from Oxford Economics. Photo: Xinhua

Trade war forcing 93 per cent of Chinese companies to transform supply chains, survey shows

  • In a bid to avoid Donald Trump’s tariffs, companies from Australia, China, Hong Kong, India, Japan, Malaysia, and Singapore are considering making changes
  • Poll conducted by the law firm Baker McKenzie surveyed 600 multinational companies around Asia-Pacific, including 150 companies in China
Topic |   US-China trade war

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Foreign direct investment in Vietnam’s manufacturing sector has risen to 11 per cent a year over the past five years, and it has been a key driver of Vietnam’s export growth, according to data from Oxford Economics. Photo: Xinhua
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Chinese companies have directly invested more than US$90 billion in countries included in the belt and road plan between 2013 to 2018, according to official data. Photo: Reuters

China’s belt and road may accelerate exit of manufacturing to Vietnam and India, researchers warn

  • The Belt and Road Initiative is China’s plan to grow global trade, but coupled with the US-China trade war, it could add pressure to its sluggish economy and debt pile
  • Foreign direct investment in Vietnam’s manufacturing sector, driven by electronics manufacturing, has risen to 11 per cent a year over the past five years
Topic |   China economy

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Chinese companies have directly invested more than US$90 billion in countries included in the belt and road plan between 2013 to 2018, according to official data. Photo: Reuters
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