China, ‘factory of the world,’ is losing more of its manufacturing and export dominance, latest data

The latest data in the CNBC Supply Chain Heat Map shows China is losing more manufacturing to Vietnam, Malaysia, Bangladesh, India, and Taiwan.

Exports in furniture, apparel, footwear, travel goods and handbags, minerals, and science and technology are all declining.

China’s ‘Zero Covid’ policy is a big factor, with Port of Ningbo, the world’s largest port, the latest to be impacted.

For more details, please visit the below website of CNBC.

https://www.cnbc.com/2022/10/20/china-factory-of-the-world-is-losing-its-manufacturing-dominance.html

Reference: Lori Ann LaRocco, "China, ‘factory of the world,’ is losing more of its manufacturing and export dominance, latest data shows", CBNC, Oct 20 2022