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Sure, but: > The data shows that factories are producing less and hiring fewer people," said Dan Wang, chief economist at Hang Seng Bank China. "(The data) cou
by consumer451 3y ago
Sure, but:
> The data shows that factories are producing less and hiring fewer people," said Dan Wang, chief economist at Hang Seng Bank China. "(The data) could also show a loss of confidence in government policy," she added, warning factory activity was unlikely to improve anytime soon as other economic problems dominate. [0]
> A growing number of companies are looking to move their manufacturing out of China. Companies are examining their heavy concentration in China. Boards and companies are reevaluating their risks and reviewing mitigation strategies. [1]
[0] https://www.reuters.com/world/china/chinas-factory-activity-contracts-second-month-november-2023-11-30/ https://www.reuters.com/world/china/chinas-factory-activity-...
[1] https://www.forbes.com/sites/betsyatkins/2023/08/07/manufacturing-moving-out-of-china-for-friendlier-shores/ https://www.forbes.com/sites/betsyatkins/2023/08/07/manufact...