Goodbye China: Chinese manufacturers follow multinationals out the door
Companies look to Vietnam and beyond amid protracted trade war and rising costs at home
Cat Lai Port: Vietnam is attracting Chinese manufacturers looking to avoid punitive U.S. tariffs. (Photo by Rie Ishii)
SHANGHAI -- Chinese companies are following their foreign counterparts out of the country in search of alternative production bases to mitigate the impact of the prolonged trade war with the U.S.
Since last June, 33 listed companies have informed China's two stock exchanges of their plans to set up or expand production abroad, according to data compiled by the Nikkei Asian Review.
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