Analysis: Why Southeast Asia is Becoming a Manufacturing Hub for Chinese Investments
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Containers prepared for shipment to Anyuan, Vietnam, from the Haian Railway Logistics Base of China Railway Shanghai Group Co. Ltd. in Nantong, Jiangsu province.
Southeast Asia is becoming a magnet for Chinese companies wanting to relocate their mid-to-upstream supply chain to avoid the United States’ stricter tariff policies. China’s investment in the region is accelerating, particularly among the electronics, automotive and renewable energy sectors.
From January to November 2024, China’s exports of intermediate goods to Vietnam surged by 32% year-on-year, accounting for 70.2% of total mechanical and electrical exports, customs data show.
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