Supply chains may be moving out of China and into Asia — but they aren’t really decoupling from the country
Supply chains are diversifying away from China, causing a shift in global-trade patterns. Analyses of trade data suggest Chinese manufacturers are assembling fewer end products at home. Instead, they’re shipping materials and intermediate products to Southeast Asia for final assembly. Supply chains are shifting away from China — the world’s factory floor for the last four decades — toward other low-cost manufacturing hubs in Asia. Even before supply chains got