China losing some manufacturing
Article published by Bloomberg
- Apple is reducing its dependence on Chinese manufacturing, as in 2017 it has 18 large suppliers innIndia and Vietnam, but now lists 37.
- By 2025, 75% of Apple Airpods will be made in Vietnam
- In 2017, 43% of long term assets owned by Taiwanese electronics firms were in China
- Now only 31%
- Average wages in China have doubled in past decade to $530 per month
- Twice that of India or Vietnam worker