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Trade war has nothing to do with it. It's rising wages in china. For more than a decade, manufacturers ( even chinese companies ) have been shifting production
by liftbigweights 8y ago
Trade war has nothing to do with it. It's rising wages in china.
For more than a decade, manufacturers ( even chinese companies ) have been shifting production to vietnam.
https://www.nytimes.com/2008/06/18/business/worldbusiness/18invest.html https://www.nytimes.com/2008/06/18/business/worldbusiness/18...
Labor costs a much cheaper in vietnam.
https://www.statista.com/statistics/744071/manufacturing-labor-costs-per-hour-china-vietnam-mexico/ https://www.statista.com/statistics/744071/manufacturing-lab...