Countries prod firms to reduce dependence on China, but find few takers

Even after the coronavirus derailed trade, few want to leave China's skilled workforce and efficient suppliers of raw materials to move to other countries

exports, imports, trade, RCEP

Drug makers stand out as one industry that is trying to reduce reliance on Chinese suppliers by setting up sources of raw materials in the US and Europe

The United States, Japan and France are prodding their companies to rely less on China to make the world's smartphones, drugs and other products.
But even after the coronavirus derailed trade,

Also Read

China to buy $80-billion additional US goods under phase one trade deal

Coronavirus impact: China's exports dip 3.3%, imports shrink 16.7% in May

Coronavirus: India may impose duties on 100 top Chinese imports

US-China trade deal: Initial pact may reduce tensions but doubts remain

Global supply chain to shift, low imports from China will benefit: Raymond

Elon Musk tells Tesla employees breaking even in Q2 will be tight

AstraZeneca says Brazil close to coronavirus vaccine deal for 100 mn doses

Google removes misleading ads targeting Americans over voting, elections

Boeing 737 MAX Jet on first-round test flights: US Federal Aviation Agency

Facebook stopped Zuckerberg from acting on Trump post in 2015: Report

First Published: Jun 30 2020 | 5:35 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to