China`s tight Covid controls have reignited conversations about moving supply chains out of the country.
[From China`s perspective, the movement out of local manufacturing is not going to be significant enough to really alter the nature of China`s role in the overall supply chain," Vishrut Rana, Singapore-based economist at S&P Global Ratings, said in a phone interview.
Example as simple plastic beads, mainly production process are made by machine, just few aspects need labor work. So it is meaningless to move the production to Vienam or India. China still hold the raw materail supply chain.
For the first four months of the year, foreign direct investment into China rose by 26.1% year-on-year to $74.47 billion, China`s Ministry of Commerce said, with that from the U.S. up by more than 50%.
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