COVID lockdowns, rising expenses in China pushing away Korean firms ...Middle East

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COVID lockdowns, rising expenses in China pushing away Korean firms
source : Devdiscourse ( Middle East ) () 54
Due to China's sudden lockdowns and gradual rise in expenses, multinational firms are being increasingly pressured to move production away from mainland China to destinations such as Taiwan, Malaysia and Indonesia, said the Korea International Trade Association. With its cheap and abundant manpower, China has long enjoyed its role as the so-called world's factory, however, this seems to be changing with time.

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