Companies prodded to rely less on China, but few respond

Companies prodded to rely less on China, but few respondThe United States, Japan and France are prodding their companies to rely less on China to make the world’s smartphones, drugs and other products. Drug makers stand out as one industry that is trying to reduce reliance on Chinese suppliers by setting up sources of raw materials in the United States and Europe. “I don’t know of a single company right now that is moving ahead with any plans to move,” said Harley Seyedin, president of the American Chamber of Commerce in South China.


 

With thanks to our Friends over at : Yahoo News - Latest News & Headlines

 

Read the Full Story : Click here