US companies operating in China plan to move production out of the country

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Against the backdrop of a trade war between the United States and China, which has an impact on the profits of American corporations, more than 70% of US companies operating in the south of China are planning to reduce investment, as well as transfer production or part of it to other countries, the results of a survey conducted by the American Chamber of Commerce in the South of China, quoted by Bloomberg, showed. 64% of the 219 companies participating in the survey declared plans to transfer production to other countries. North America as a probable production base in the future was noted only by 1% of respondents. Survey participants expressed concern about the increase in prices for the goods they produce, which negatively affects their profits.

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