BT EXCLUSIVE: CHINA-US TRADE WAR ·
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Singapore firms building up capacity outside China as fallback

No exodus yet as China market's too big to ignore; trade war also starting to impact higher tech sectors

Singapore

A SINGAPOREAN electronics parts manufacturer set up shop in China's Shenzhen two decades ago - but with its products being "very sensitive to tariffs", the company is now considering moving to India.

Such is the reality on the ground recounted by Suan Teck Kin, head of research at United Overseas Bank (UOB), as his clients re-evaluate their presence in China amid a protracted trade war with the US.

"They have to think about relocating if their end-market is the US," Mr Suan explained to The Business Times, noting an increase in clients' queries about relocation since the trade war kicked off in earnest in mid-2018.

Like their foreign counterparts, Singapore companies have been reckoning...

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