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Trade war

Trade war forces multinationals in Asia to hold back on investing

Companies look for alternatives to supply chains that run through China

Container cranes at the port of Singapore. A recent survey reveals that some companies' executives worry about the trade war denting their supply chains, many of which run through China.   © Reuters

SINGAPORE -- The U.S.-China trade war has affected the business strategies of 68% of multinational companies operating in Asia, according to a recent survey.

Despite the gloom, many companies are of the view that the trade war helps make Southeast Asia an attractive alternative to China. Investment in the region remains active, as companies anticipate high economic growth. Facebook is an example. It recently decided to build a 1.4 billion Singapore dollar ($1.02 billion) data center in Singapore.

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