More than 200 manufacturers in China’s Greater Bay Area took part in an annual survey by Standard Chartered. Photo: AFP
More than 200 manufacturers in China’s Greater Bay Area took part in an annual survey by Standard Chartered. Photo: AFP

China’s Greater Bay Area factories mostly staying put, but many have diversified abroad, survey finds

  • While most manufacturers said they did not have firm plans to relocate operations outside China earlier this year, external and domestic headwinds have persisted
  • Greater Bay Area firms choosing to shift factory operations overseas cite improved labour pools and supplies, access to new customers and various other incentives and benefits

More than 200 manufacturers in China’s Greater Bay Area took part in an annual survey by Standard Chartered. Photo: AFP
More than 200 manufacturers in China’s Greater Bay Area took part in an annual survey by Standard Chartered. Photo: AFP
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