Japanese companies move from China to Bangladesh

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(Taipei Times)

Japan incentivizing its companies to shift manufacturing facilities out of China and adding Bangladesh to a list of preferred destinations for relocating the factories might give the nation’s economy a boost.

“As the COVID-19 pandemic started in China, Japanese companies needed to diversify” their supply chains further, Japanese Ambassador to Bangladesh Naoki Ito said in an interview. “This will provide an opportunity for Bangladesh.”

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