More U.S. firms may shift some business from China to ASEAN: survey


Reuters, 30 Aug 2012
Reuters) - A growing number of U.S. companies plan to shift some operations from China to Southeast Asia in the next two years as confidence in countries such as the Philippines improves, a survey by the American Chamber of Commerce in Singapore showed.
Malaysia and the Philippines were the top choices for expansion, with both getting cited by 27 percent of respondents with plans to reduce their reliance on China. In a survey last year, 21 percent of those expecting to move some operations favored Malaysia, and 11 percent cited the Philippines. Full story