The majority of American companies in China have no plans to relocate production or sourcing activities to other parts of the country or abroad ...
The majority of American companies in China have no plans to relocate production or sourcing activities to other parts of the country or abroad due to the coronavirus, a survey showed on Friday.
Almost 70per cent of respondents to the joint survey by the American chambers of commerce in Beijing and Shanghai as well as PricewaterhouseCoopers said they expected their China supply chain operations to return to normal in less than three months and 96per cent forecast a return to normal within three to six months.
The outbreak began in the central Chinese city of Wuhan late last year, causing massive disruptions to economic activity around the world. It also found that 68per cent of respondents saw a return to normal activity in China within the next three months and 96per cent of respondents expected to return to normal within three to six months.
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