You are here: Home » International » News » Economy
Business Standard

China's exporters shift production to low-cost nations to dodge trade war

The infusion of Chinese capital has helped fuel expansion in Myanmar's fledging industrial sector

Reuters  |  China 

Pressured by a labour crunch and rising wages in China, Shu Ke'an, whose company supplies bulletproof vests, rifle bags and other tactical gear to the United States, first considered shifting some production to Southeast Asia a few years ago, but nothing came of it. When trade tensions flared into a tariff war last year, however, it was the final straw. A day after US President Donald imposed additional tariffs on $200 billion of Chinese goods in September, Shu, 49, decided to start making vests for his US clients in Myanmar instead. Since then, the Trump administration has ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, June 27 2019. 09:30 IST