More firms to leave China: S&P
(WorldNews China)

DIVERSIFICATION: Although COVID-19 would push more companies to produce in emerging markets, DBS said that it was unlikely that firms would totally leave China By Chen Cheng-hui / Staff reporter Geopolitical tensions and supply disruptions are expected to accelerate the migration of manufacturing out of China, as concerns about the risk of production concentrated in one country increase, S&P Global Ratings said. Although its economic expansion might be weaker than previous levels due to the accelerated relocation of manufacturing, China`s economic growth would still be stronger than that of most other economies, the ratings agency said. “While absolute growth rates will moderate, we believe...