Trade War Pushes Asia Businesses to Shelve Investment Plans
U.S.-China trade tensions are pushing firms across Asia to delay or cancel investment decisions and adjust their supply chains, according to American Chamber of Commerce in Singapore. Half of respondents said they were considering putting on hold or scrapping investment, according to a survey conducted Sept. 27-Oct. 6 by AmCham Singapore and Blackbox Research. About 38 percent are now looking to source components outside of China, while 30 percent are seeking alternatives to U.S. suppliers. For more on this story, click here.