HK financial leaders’ summit: China +1 to benefit emerging markets
Alibaba’s Joe Tsai has acknowledged a supply chain shift out of China, saying that in the short term, the country’s exports might be hurt.
Alibaba’s chairman Joseph Tsai said at a fireside chat that despite ‘eroding’ China’s manufacturing sector and exports in the short term, a shift in traditional supply chains offers benefits for other Asian markets to climb up the value chain.
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