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From United Press International
Survey: U.S.-China trade war has firms thinking about leaving both countries
Oct. 29 (UPI) -- The trade war between the United States and China has caused other companies to consider moving their operations out of both countries, new research showed Monday.
The research, conducted by the American Chamber of Commerce in South China, said 72 percent of 219 firms questioned said they were considering moving out of China -- while 77 percent said they were thinking about moving out of the United States.
Almost 50 percent of the companies are located in the United States, one-third are in mainland China and the rest are in other nations. The survey said about 95 percent of the companies have operations in China.
"It's reasonable and practical for them to relocate factories to other countries which will have stable and normal trading relations in the near future," Zhou Hao, a senior economist at Commerzbank in Singapore, told the South China Morning Post.
COMMENT:-
Reading this article made me think of the Gahan Wilson cartoon
Caption - "I think I won."
Survey: U.S.-China trade war has firms thinking about leaving both countries
Oct. 29 (UPI) -- The trade war between the United States and China has caused other companies to consider moving their operations out of both countries, new research showed Monday.
The research, conducted by the American Chamber of Commerce in South China, said 72 percent of 219 firms questioned said they were considering moving out of China -- while 77 percent said they were thinking about moving out of the United States.
Almost 50 percent of the companies are located in the United States, one-third are in mainland China and the rest are in other nations. The survey said about 95 percent of the companies have operations in China.
"It's reasonable and practical for them to relocate factories to other countries which will have stable and normal trading relations in the near future," Zhou Hao, a senior economist at Commerzbank in Singapore, told the South China Morning Post.
COMMENT:-
Reading this article made me think of the Gahan Wilson cartoon
Caption - "I think I won."
