Vietnam, Taiwan boost share of shipments to U.S. as China loses out

India, Cambodia also grow as 'low-cost' exporters, eroding Chinese dominance

20230425 China Qingdao port

An aerial view of containers and cargo vessels at China's Qingdao port in May last year. © Reuters

DING YI and LI RONGQIAN, Caixin

China lost more of its share of U.S. imports from 14 low-cost countries and regions (LCCs) in Asia last year, a recent report showed, as companies continued to move manufacturing out of the world's second-largest economy.

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