The great uncoupling: One supply chain for China, one for everywhere else

US pressure and the pandemic are forcing many companies to rethink their Chinese manufacturing operations

An employee working on a car assembly line at a Dongfeng factory in Wuhan, Hubei province, on Sept 14, 2020. According to surveys conducted by the American Chamber of Commerce in China over the past two years, about 40 per cent of US companies in the country have moved manufacturing facilities out of the country already or are considering doing so.PHOTO: AFP

TAIPEI (FINANCIAL TIMES) - Earlier this year, four dozen lawyers, accountants and bankers from all over Latin America piled into a conference room in an office tower on Miami Waterfront. They listened, spellbound, as Mr Nicholas Chen, an energetic lawyer who had come all the way from Taiwan, told them about an exodus of manufacturing from China that could make them rich.

"The tsunami waters are flowing outward now," Mr Chen said to the audience.

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