German firms gallop out of Chinese supply chains

Trade war going swimmingly. Via the German Chamber of Commerce in China, things are not going well:

One quarter of firms have given up on Chinese expansion:

A range of reasons:

With trade war issues at the top:

Nasty impact from tarrifs:

One quarter mulling relocation:

Mostly to SE Asia:

Chinese growth will keep slowing. Full report.

David Llewellyn-Smith

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