More than 50 companies will transfer their manufacturing from China

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Nikkei Asian review is writing about 50 foreign and local companies’ desire to leave China because of keeping trade was with the US. It is caused by the lack of arrangement between China and the US leaders about certain deadlines of the positive results of the trade conflict. It also has a negative impact at Chinese economy. Thus, the transfer of 30% production to the South-East Asia was planned by such producers as HP and Dell. Apple is expecting the results assessment of carry-over of 30% its production capacity to India. The transfer of game consoles production to Vietnam was planned by Japanese Nintendo. Among the Chinese companies two of them had the same intention. These were TCL which produces electronics and Sailun Tire which produces car tires. The first producer planned the capacity transfer to Vietnam while the second one is to Thailand.

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