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30% of U.S. Firms in China Plan Relocation in 2024

1/24/2025

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Summary

Story summary

A record 30% of U.S. companies in China intend to relocate manufacturing or sourcing in 2024, rising from 24% in 2022.
U.S.-China tensions and Covid-19 are significant factors driving this shift, according to the American Chamber of Commerce in China.
AmCham China president Michael Hart anticipates this trend will persist.
Companies are diversifying supply chains due to China's pandemic restrictions.

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Story summary

A record 30% of U.S. companies in China intend to relocate manufacturing or sourcing in 2024, rising from 24% in 2022.
U.S.-China tensions and Covid-19 are significant factors driving this shift, according to the American Chamber of Commerce in China.
AmCham China president Michael Hart anticipates this trend will persist.
Companies are diversifying supply chains due to China's pandemic restrictions.