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How bad is China's manufacturing exodus?

Although Southeast Asia, India favored, China retains big advantages

Workers assemble cellphones at a factory in India. 

China's strict pandemic controls, which are blocking production and logistics, threaten to add impetus to the manufacturing exodus from the country that has been picking up speed over the past decade, international trade experts say.

The COVID policy disruptions add to pressures from rising labor costs in China and worsening Sino-U.S. trade tensions. With low labor costs and surging domestic demand, Southeast Asia and India have become the most popular destinations for investors.

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