CHINA-ECONOMY: EUROPEAN BUSINESSES WILL FIND IT DIFFICULT TO LEAVE CHINA
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European business people in China told Caixin (April 15) that they are generally not looking to move their operations outside of the world’s biggest manufacturing nation. In some countries the idea was raised that manufacturers should move factories back home after disruptions caused by the Covid-19 pandemic. Caixin reported that the head of the European Union Chamber of Commerce in China Jörg Wuttke told Caixin on April 13, that European manufacturers wouldn’t find it easy to move their operations back to their home countries as they involve a lot of high-tech elements that are difficult to move. Also, supply-chain security is not their only concern. The location of future demand and markets is also a key point of consideration.
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