China is slowly losing its title of manufacturing center

The corona epidemic that broke out in China in 2020 and the war between China and the USA caused many companies importing from China to rethink. Many countries have decided to withdraw their production centers from China. The most important countries are:

India; It maintains the top position as the first and only country closest to taking the position of China. Vietnamese; It increased the rate of foreign investors by 9% between 2020 and 2021. Apple was added to big brands such as Nike, Adidas and Samsung and moved their production to Vietnam.

Thailand is a country that is currently an important production center. It continues to rise. It is even stated that some Chinese companies have moved their production centers to Thailand.

Thailand is followed by Bangladesh, a South Asian country. Finally, Malaysia. The country's investment development chamber stated that there were at least 32 projects relocated from China to Malaysia in July 2020. Foreign investment inflows became the country with the highest foreign investment in the last 5 years, with $48.1 billion in 2021.