A record number of US companies in China are thinking about moving some operations out of the country or are already in the process of doing so, according to a new study, as geopolitical tensions rise with Donald Trump’s return to the White House.
The annual survey by the American Chamber of Commerce in China found 30 per cent of respondents were exploring alternative sources for goods and relocating manufacturing out of the country last year, or had already done so — double the percentage in 2020.
Michael Hart, AmCham China president, said that while the majority of US companies were not moving, the trend towards relocation was unmistakable.
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