Having dealt with rising wages, burdensome governance, and a bruising tariff slug out with the United States; the coronavirus outbreak, which has upended the global supply chain, is the last straw. Illustration: Brian Wang
Coronavirus: China’s ravaged manufacturing heartlands force international firms to speed up exit strategies
- Some multinationals are increasingly fleeing China, having seen the coronavirus outbreak as validation of exit strategies made during the US trade war
- While some bemoan the lack of alternatives, others will stay for the domestic market as the supply chain debate rages on
Having dealt with rising wages, burdensome governance, and a bruising tariff slug out with the United States; the coronavirus outbreak, which has upended the global supply chain, is the last straw. Illustration: Brian Wang
