China's factories are closing down and moving, to other regions in China. Not to Vietnam or Mexico.

Описание: China's vast interior provinces are benefiting from supply chain moves from coastal China, as global manufacturers move inland. Vietnam and Mexico are seeing manufacturing and export booms as some final assembly plants are built there to avoid US tariffs. However, the manufacturing and export sectors of China's inland provinces are far outpacing those of Vietnam, Mexico, and even India.

Chinese GDP growth figures at the provincial level show that the economies of less-developed areas will double in under 10 years, closing the gap with the giant coastal economies of the Pearl River Delta and the Shanghai megalopolis.

Resources and links:

Wall Street Journal, China’s Factory Floor Is Moving—But Not to India or Mexico
https://www.wsj.com/world/china/china...

China’s provincial GDP growth in 2023
https://www.china-briefing.com/news/c...

Nepal Foreign Affairs, China's GDP growth map by province, 1H 2023
https://nepalforeignaffairs.com/china...

Inside China Business, China's factories are moving to inland provinces
   • Investors Beware:  China's factories are m...  

FT, For business, breaking up with China is hard to do
https://www.ft.com/content/e0aea9c5-9...

Barron's Breaking Up With China Isn’t as Easy as It Looks
https://www.barrons.com/articles/chin...

Despite the ‘De-risking’ Buzz, Some Multinationals Are Doubling Down in China
https://thediplomat.com/2024/05/despi...

Bloomberg, China’s Population Shrinks for First Time Since 1960s in Seismic Shift
https://www.bloomberg.com/news/articl...

Closing scene, Mount Emei, Sichuan Province