A worker works on a production line to produce electrical products for domestic and Southeast Asian markets in Hai ‘an city, east China’s Jiangsu province, March 29, 2021.
Costfoto | Barcroft Media | Getty Images
The Covid-19 resurgence in some parts of Asia could lead to a change in fortunes for China, according to an economist.
Previously, the U.S.-China trade war caused companies to move their supply chains out of China, shifting their production and distribution networks for products and services. As a result, countries like Vietnam and India benefited as companies moved to set up shop in their countries.
But the situation appears to be changing, and supply chains could pivot back to…