Samsung’s last mobile phone production line remaining in China in Huizhou is winding down, implementing a voluntary retirement programme. Photo: He Huifeng

Samsung and other South Korean companies’ exodus from China sets an example to Western firms fleeing trade war tariffs

  • Lotte, Kia and Hyundai are also gradually winding down their China business due to political risks, tariffs and losing market share
  • Western companies fleeing Donald Trump’s tariffs may not have luxury of a managed exit, but should look at the South Korean case studies closely, experts say
Topic |   China economy

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Samsung’s last mobile phone production line remaining in China in Huizhou is winding down, implementing a voluntary retirement programme. Photo: He Huifeng
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Wang Jie said his Yintong Shoes factory in Dongguan has continued to lose orders from the US in recent months. Photo: AFP

Trade war truce does little to boost public confidence in China due to lack of trust in ‘flip-flopping’ Trump

  • President Xi Jinping and US counterpart Donald Trump agreed to a truce in the trade war at the G20 summit in Osaka, Japan, on Saturday
  • Trump also said some restrictions against Huawei would be eased, but the moves did little to alleviate fears of online users, exporters and manufacturers
Topic |   US-China trade war

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Wang Jie said his Yintong Shoes factory in Dongguan has continued to lose orders from the US in recent months. Photo: AFP
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