South-east Asia vies for foreign manufacturers quitting China

© Alexey Novikov | Dreamstime.com - Airplane arriving to Jakarta airport. Travelling to Indonesia conceptual 3D rendering

It has often been said, during the coronavirus era, that its impact has not changed things directly, but simply accelerated changes were already in the post. This is true of the shift of manufacturing from China, which had been mooted for some time. Now, however, South-east Asian countries are upping their rhetoric in trying to attract companies looking to leave China, fighting to gain new business, with Indonesia now offering earlier-than-planned corporate tax cuts. Thailand, Malaysia and Myanmar are among those following suit,reports Nikkei Asian Review.