If your business was debating whether to leave China, how would events in Hong Kong factor into your thinking?
Under the terms of the 1997 agreement Hong Kong was to remain autonomous for 50 years. We're still a long way from 2047.
From the Sydney Morning Herald:
'Brutal consequences': Ansell warns China over exodus of manufacturers
Ansell is an Australian company which manufactures protective and medical gloves and condoms.Wikipedia
Under the terms of the 1997 agreement Hong Kong was to remain autonomous for 50 years. We're still a long way from 2047.
From the Sydney Morning Herald:
'Brutal consequences': Ansell warns China over exodus of manufacturers
Ansell chief executive Magnus Nicolin has warned China of “brutal” consequences as manufacturers leave the country over rising costs and fears at the escalation in trade war with Donald Trump.
“So many manufacturers are moving out of China at breakneck speed. You don’t see it in the China-reported GDP growth numbers yet. I suspect that sooner or later it will be visible,” Mr Nicolin said.
"It's going to be quite brutal for China here, in a short while."....MORE
Mr Nicolin said while Ansell had moved some production out of China "mostly because of (the) trade war, it probably would have happened anyway, because China is frankly a very expensive place to produce in these days. So we can produce a product at 20-30 per cent lower cost in Vietnam or Sri Lanka."....
Ansell is an Australian company which manufactures protective and medical gloves and condoms.Wikipedia
