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Caixin

Cambodia, Myanmar race to become apparel making hubs

Tax reductions and exemptions among many incentives luring manufacturers

After Vietnam, Cambodia has become the next popular destination for China’s processing trade business.

As China battled a wave of COVID-19 flare-ups over the past few months with strict control measures, the widespread disruption of business operations fueled concerns over an accelerating exodus of manufacturing.

From October 2021 to March 2022, China lost around 5% of its textile export orders, 7% of its furniture and 2% of its mechanical and electrical export orders from the United States to the 10-member Association of Southeast Asian Nations (ASEAN), especially Vietnam, according to U.S. customs data.

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