Foreign firms look to reduce reliance on China, poll shows

//Foreign firms look to reduce reliance on China, poll shows

Foreign firms look to reduce reliance on China, poll shows

Over half of Japanese businesses in Vietnam and India have plans to expand their in-country operations, a recent survey showed, in a sign of the shift towards reducing reliance on China as a production base in what is known as a “China Plus One” strategy.In the online survey conducted in December by Japanese staffing firm Pasona Group, 57 per cent of Japanese companies in Vietnam and 55 per cent in India said they would expand operations in the host countries, compared with the average of 39…

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By | 2021-02-07T03:30:05+00:00 February 7th, 2021|Business|Comments Off on Foreign firms look to reduce reliance on China, poll shows