Even Chinese companies are moving supply chains out China to avoid geopolitical risks. Here are the 6 places they're heading for instead.

Sat, 04/22/2023 - 10:00

A worker produces diaphragm pumps for export to Spain at a workshop in Huzhou, Zhejiang Province, China. — China is the world's factory — but even its homegrown companies are moving out.
CFOTO/Future Publishing/Getty Images

Even Chinese manufacturers are shifting parts of their supply chains out of China to manage risks.
That's because manufacturers are moving to near where their customers are.
Southeast Asia has benefited from the shift. So have Mexico and some European countries.

China has been the world's factory for over four decades — but that could be changing soon, as even Chinese firms are moving supply chains out of the country.