Companies look for alternatives to supply chains that run through China
SINGAPORE — The U.S.-China trade war has affected the business strategies of 68% of multinational companies operating in Asia, according to a recent survey.
Despite the gloom, many companies are of the view that the trade war helps make Southeast Asia an attractive alternative to China. Investment in the region remains active, as companies anticipate high economic growth. Face is an example. It recently decided to build a 1.4 billion Singapore dollar ($1.02 billion) data center in Singapore.