Multinationals may move manufacturing to Malaysia, says HSBC

HSBC Malaysia's clients in China are looking at Malaysia for high value-added manufacturing, and Cambodia and Vietnam for lower value-added manufacturing, says its chief executive officer Stuart Milne. – EPA pic, November 1, 2018.

MULTINATIONAL corporations and Chinese companies are considering moving their manufacturing base to countries like Malaysia, Cambodia, and Vietnam as a result of the ongoing United States-China trade war.

HSBC Malaysia chief executive officer Stuart Milne said the bank’s clients in China are currently looking at diversifying their manufacturing locations.

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