China loses grip on global manufacturing

Summary

This article by Hope King, writing for Axios, makes the following points:

• Apple has accelerated plans to move some of its production outside of China as stringent COVID policies bite hard.
• China’s share of global exports of furniture, footwear and clothing accessories has fallen since 2016.
• Analysts view Mexico and Vietnam as countries that could benefit the most from diversifying supply chains.

References

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References from the Web:

• OCT 2022 China, ‘factory of the world,’ is losing more of its manufacturing and export dominance, latest data shows—CNBC
• OCT 2022 Five reasons why China's economy is in trouble—BBC

Source Information:

• Article Source: https://www.axios.com/
• Media Check: Axios - Media Bias Fact Check (mediabiasfactcheck.com)
• RAAF RUNWAY: RATIONALE, GUIDELINES, LEARNING OUTCOMES, ETC | The Runway (airforce.gov.au)