The number of US companies withdrawing from China has reached its highest level in history

With Donald Trump retaking office on January 20, US-China relations have entered a new phase. According to a report by the Financial Times, the number of US companies withdrawing from China has reached its highest level in history.
According to a survey conducted by the American Chamber of Commerce in China, 30% of companies participating in the survey have planned to move to other countries or have already started to move in 2024. This number is double that of 2020.
According to trade experts, this trend of relocation is unprecedented, and companies are currently looking for ways to adapt to Trump's new trade policies.
Industrial, development, research and technology companies account for 41% of companies withdrawing from China, while 38% plan to move to other developing Asian countries, while developed countries such as the United States, the European Union, Japan and Korea are increasingly attractive.
Economists believe that this trend could cause more serious damage to the slowing Chinese economy, noting that there is no hope of increasing mutual investment between the two countries in the coming years.

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29/01/2025
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