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Tech Companies’ Great Migration Out of China

Police in the southwestern Chinese city of Chengdu enforce a COVID lockdown where 21 million residents are now confined to their homes. CNS / AFP

Apple’s recently announced plans to speed up the production of its iPhone 14 in India is just one example of foreign manufacturers trying to lessen their dependence on Chinese factories.

COVID-19 lockdowns, rising labor costs, and broader concerns about the future trajectory of Chinese growth amid political shifts in the country are all contributing to the migration, according to Daniel Rosen, an expert at the Rhodium Group. (MARKETPLACE)

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