In the previous couple of years, the worldwide provide chain has been hit arduous by not solely the current pandemic but in addition by the commerce wars between the US and China. With the comparatively excessive ways in which China has been coping with these points, many international locations have realized the financial dangers in counting on China as time goes on. As such, quite a few overseas firms have been pulling out of China, going as an alternative to different creating international locations equivalent to Vietnam, India and Thailand.
On January 12, Canon, one other massive firm, introduced that they are going to be shutting down their manufacturing unit in Zhuhai, China. This was apparently attributable to heavy operational difficulties because of the extended outbreaks of COVID-19, which undoubtedly raised considerations from many Chinese language residents. As one of many earliest Corporations to have entered the Chinese language manufacturing market, the Zhuhai department has been in operation since 1990, having lasted 32 years. Through the years, the manufacturing unit manufactures all types of merchandise for Canon, from lenses to completely different electronics like printers, cameras and camcorders.
It’s price mentioning that in 2013, this manufacturing unit was not too long ago upgraded with an funding of $1.5 billion yuan, growing its manufacturing capability by twofold. On the time, it was one among Canon’s largest abroad factories, using over 10,000 staff and capable of produce as much as 20 million cameras a 12 months.
#ChinaEconomy#WorldFactory#SupplyChain#Samsung#Canon
All rights reserved.
source
China is a fraud country
China is literally a Nazi regime running with full support of world economoy
Good to see companies leaving Communist China…..
This is just capitalism being capitalism. I can guarantee none of these companies have a shred of human decency. They're moving for the sole reason that it's harder to exploit people when they start demanding better treatment and money so you need to go elsewhere to exploit someone else instead. Once Vietnam and India start earning money, better pay and treatment they'll find someone else to exploit. And round and round it goes, and round and round it goes.
Good
Alot of stuff in Uniclo are made in Bangladesh now.
Where is India
I always get that feeling whenever I see things labeled Made in China it tends to make me think their product is inferior.
This is the best news of the day. I will happily buy anything higher price not made in China. CCP should be stopped.
I want made in india 🇮🇳 goods its over for china
.. of course "A new science technology research power house"…
Most components are made in China. I don't think consumers are going to pay a 3times higher price in the future.
bro please upload more
Nonetheless, Chinese aggressive Strategic and Economic policies…. !
World should be Thankful to China, who made possible the accessibility of Computer, Mobile, Laptops, Tablets to the poors at a very low price. Otherwise, 75% of the world population would be deprived form such a Digital Electronic Revolution for a century, just because of monopoly of few American and European companies. Moreover, critical Medicines are available at low price for the poors of the world, just because China provides the low cost API ( Active pharmaceutical ingredients) to the World, including India which is manufacturing Covid-19 vaccines, Antibiotics and other important medicines at a large scale, just because of China.
Why not, the Japan Companies all must get out of China and lead others too. That's what happens when China threatens Japan with nuking. CCP must be Punished!
Move to Taiwan they are the real China and not a dictatorship like mainland
Don't put all your eggs in the one basket…. is good advice after all
Beginning to see other stuff like Taiwan, Viatnam and other countries.
China is moving to a service based economy from manufacturing. With the burst in growth of middle class and increased disposable income, China is where the money is to be made. European car manufacturers make more selling cars in China
all this couldn't happen to a nicer regime.
you can only wish, go to china to see how hard chinese work. no one can compete with them. so many haters with no reason
We do not want anything “Made in China” the more they become stronger they will attack other countries 💩
Move back to US.
Moving out foreign investment, China will goback to stonage.
Keep dream.