More Companies Likely to Leave China as Pressures Grow, Expert Says

A changing global economic landscape, and revulsion against human rights abuses, are altering decades-old dynamics and posing new geopolitical risks.
More Companies Likely to Leave China as Pressures Grow, Expert Says
A file photo of Apple CEO Tim Cook as he speaks during an Apple special event at Apple headquarters in Cupertino, Calif. Justin Sullivan/Getty Images
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The business principle of evolving comparative advantage, coupled with intense political pressures, explains Apple’s decision to shift a bulk of its iPhone production from China to India, Vietnam, and other markets, and the growing bearishness of other multinational firms toward operating in China, an expert on trade and financial markets has told The Epoch Times.

Reports last week that Apple had produced $14 billion of its iPhones in India over the last fiscal year fostered speculation as to why the company might be less focused on China, a country that U.S. firms have long turned to for its abundant supply of cheap labor in spite of well-documented human rights issues and concerns about a possible invasion of Taiwan.

Michael Washburn
Michael Washburn
Reporter
Michael Washburn is a New York-based reporter who covers U.S. and China-related topics for The Epoch Times. He has a background in legal and financial journalism, and also writes about arts and culture. Additionally, he is the host of the weekly podcast Reading the Globe. His books include “The Uprooted and Other Stories,” “When We're Grownups,” and “Stranger, Stranger.”
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