A US business lobby has issued a report asking for clear guidelines on what activity is acceptable under China’s new security laws, as well as other suggestions for improving investor confidence.
As geopolitical changes increase the cost and stress of doing business from home, Chinese companies are finding alternative locations for production, particularly in Southeast Asian countries like Vietnam.
China dominates the manufacturing of intermediate goods – so even if a finished product is made elsewhere, it almost certainly includes “Made in China” components.