“Because supplier replacement requires a time base and related capital investment, the costs associated with industrial chain transfers usually are relatively high,” it said. “Under the premise that domestic production can be restored in a short period of time, the impact of this epidemic on the external transfer of China’s industrial chain will be limited.”
onsdag 4. mars 2020
Coronavirus: clock ticking for China to stop foreign firms fleeing country, report says
China has less than a month to prevent businesses leaving the country in their droves because of the coronavirus epidemic, according to the latest estimate by government scientists. Labour-intensive textile production, hi-tech electronics and pollution-heavy industries like metal smelting could be the first to leave if the government failed to contain the spread of the deadly virus by the end of the month, the experts said in a report published on Monday in the Bulletin of the Chinese Academy of Sciences.
“Because supplier replacement requires a time base and related capital investment, the costs associated with industrial chain transfers usually are relatively high,” it said. “Under the premise that domestic production can be restored in a short period of time, the impact of this epidemic on the external transfer of China’s industrial chain will be limited.”
“Because supplier replacement requires a time base and related capital investment, the costs associated with industrial chain transfers usually are relatively high,” it said. “Under the premise that domestic production can be restored in a short period of time, the impact of this epidemic on the external transfer of China’s industrial chain will be limited.”
