According to a research, the business migration from China is intensifying.
Even before President-elect Donald Trump and his tariff-heavy agenda won the White House, top companies were already planning to shift production out of China at a faster pace, according to a new study.
Based on a survey of 166 CEOs and COOs, Bain & Company found that the share of companies moving operations out of China jumped to 69% in 2024 from 55% in 2022.
Where will they go? The top destination was the Indian subcontinent, with 39% of execs saying they were headed there. That was followed by 16% moving to the U.S. or Canada, 11% to Southeast Asia, 10% to Western Europe, and 8% to Latin America, rounding out the top five destinations.
Meanwhile, more companies are “reshoring” operations to their home countries or “near-shoring” to neighboring countries...








