Major US companies including Amazon, Dell, Google, HP and Microsoft are considering the move of around 30% of their production capacity from China to other southeast Asian countries, according to insiders. The move would be a major blow for President Xi Jinping, who has vowed to boost domestic manufacturing as part of his drive to transform China's economy away from reliance on exports that have been hit by
Major US companies including Amazon, Dell, Google, HP and Microsoft are considering the move of around 30% of their production capacity from China to other southeast Asian countries, according to insiders. They said the uncertainty arising from the US-China trade war as well as rising manufacturing costs and a labour shortage are encouraging firms to look elsewhere, potentially weakening China's position as a technology leader and harming its slowing economy.