Is China still the factory of the world?

China is losing factories at an astonishing pace—in another five years, the manufacturing map of the world will look very different from what it does today. Surveys done by UBS globally suggest that 20-30% of manufacturing will be leaving China. Dongguan, the epicentre of China’s manufacturing, has many shutters down and ‘space available’ signs all across

from The Financial Express https://ift.tt/3gKcD18