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Take Vietnam, a top emerging market country in recent years, as an example.
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Since the US-China trade friction in 2018, many US companies have built manufacturing bases outside of China in Vietnam.
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At the same time, many export-oriented Chinese companies are also building factories in Vietnam.
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According to a survey by China Business News, Vietnam is now the world's second largest exporter of mobile phones, and Chinese photovoltaic companies such as Longy Green Energy, Trina Solar, and JA Solar have all invested in parts factories in Vietnam.
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The production capacity of Vietnamese factories has substituted a large part of China's exports to the US.
can aeth stock double in coming years 【Stock Picks】Save and invest with a small amount while building strong monthly returns.
【Stock Picks】Discover smarter ways to invest and earn online.However, Vietnam does not have a complete photovoltaic industrial chain.
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These Chinese photovoltaic companies investing in Vietnam are also promoting the export of photovoltaic intermediate products from China to Vietnam.
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In terms of machinery and equipment, intermediate products, and semi-finished products, China has become Vietnam's largest source of imports.
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This also explains why large-scale industrial transfers are occurring between China and Vietnam, while exports from China to Vietnam are increasing.【Stock Picks】Start blockchain investing with a small amount. Transparent, secure, and rewarding.
