Most US firms in China currently have no plans to relocate production to other parts of the country or abroad due to the coronavirus, but there is less certainty about the long term due to growing worries over US-China decoupling, a survey showed. Concerns over logistics challenges now outweigh those of factory closures, said respondents to the joint survey by the American chambers of commerce in Beijing and Shanghai with consultancy PricewaterhouseCoopers. A total of 68% reported that demand for products and services was below normal. "Our survey results show that companies ...
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Most US firms have no plans to leave China due to coronavirus: Survey
A total of 68 per cent firms reported that demand for products and services was below normal
Topics
US china relation | US China investment | Coronavirus
Reuters |
First Published: Fri, April 17 2020. 17:38 IST
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