China’s manufacturing sector has slipped into a deeper-than-expected contraction, prompting a re-examination of where global production capacity is heading.
For investors, the rotation is already visible: capital that once flowed almost exclusively to mainland processing hubs is increasingly finding its way into Southeast Asia and India, as geopolitical tension and trade barriers reshape supply chains.
China’s official manufacturing Purchasing Managers’ Index fell to 49.0 in October, marking its seventh straight month below the critical 50-point threshold, which signals contraction. [Read more…] about Close competition: China’s manufacturing downturn redraws Asia’s industrial map