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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
Annabeth Leow
Published Sun, Mar 17, 2019 · 09:50 PM
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.
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