Following China’s rapid economic growth after joining the WTO with the help of the United States in the 1990s, the country has relied on its demographic dividend and low-cost “Made in China” manufacturing to become a well-known world factory. However, in recent years, Chinese authorities have been tightening regulations, and with political uncertainties, foreign investments have been fleeing China. Many companies have shifted their focus to Southeast Asia and India. This year, Sony has completed the transfe
