Wages have been rising rapidly in the country, taking away one of the key reasons many companies set up shop there, he said.
The big Taiwanese manufacturers are already shifting production from China back to Taiwan and are making plans to set up shop in Southeast Asia, according to Berkowitz.The country established itself as ground zero for global manufacturing largely due to its cheap workforce.
"They're building facilities in Taiwan to meet short-term needs and making plans to make major transitions into Southeast Asia," he said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Maine lobster industry drowning in US-China trade war - CNN VideoCNN News, delivered. Select from our newsletters below and enter your email to subscribe. senatorcollins must be 'concerned'! A one-two punch of climate change and a trade war is never a good combo. Thanks, Donald! Guess they're Patriots too, right?🙄
Source: CNN - 🏆 4. / 95 Read more »
Rare earth firms' stocks soar on U.S.-China trade war speculationShares in rare earth-related companies soared on Tuesday, led by jumps in Chines... Avalon Advanced Materials AVL up 111%
Source: Reuters - 🏆 2. / 97 Read more »
U.S. business group says retaliation rising in China amid trade warA top U.S. business lobby in China said on Wednesday that nearly half of its mem... BUY USA! PROBLEM SOLVED! trade war with US is a waste of time. China is expending commercial cooperation with EU and countries along one belt one road.
Source: Reuters - 🏆 2. / 97 Read more »
China rare earth firms' stocks soar on trade war speculationShares in rare earth-related companies in China soared on Tuesday, a day after C... Will their sales increase in the event of a trade war Are you making this up Flags on the moon, Operating systems without US back doors, now rare earth. Poor Trump must be tweeting his lttle heart out trying to keep up So how many shares in these companies does Trump own as he plays with the stock market. Trump refuse to divest he refuses to release his finances. Trump has received fines from the SEC in the past for using the media and lies to increase stock prices of shares he owned then sell
Source: Reuters - 🏆 2. / 97 Read more »