“Confidence Shaken:” US Firms In China Look Elsewhere As ‘Friendshoring’ Gathers Steam (Zero Hedge)
- The American Chamber of Commerce in Shanghai’s latest survey of hundreds of US firms in the Asian country found a near doubling of respondents over the past year that are cutting investment.
- Michael Every, the global strategist at Rabobank, recently outlined in a note to clients which countries will benefit from friendshoring… Every expects a lot of low-tech manufacturing jobs will go to India. [PDF file: Friendshoring’s Consequences Could Be Massive for China… and the World] READ MORE

- India, Turkey, and Brazil could be the top beneficiaries of medium-tech jobs.

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