Sat, 2020-04-18 04:04
SHANGHAI: Most US firms in China currently have no plans to relocate production within the country or abroad due to the coronavirus, but there is less certainty about the long term due to growing worries over US-China decoupling, a survey showed.
Concerns over logistics challenges now outweigh those of factory closures, said companies that responded to the joint survey by the American chambers of commerce in Beijing and Shanghai with consultancy PricewaterhouseCoopers. A total of 68 percent reported that demand for products and services was below normal.
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