Why Apple is Looking to Vietnam to reduce its reliance on China
Currently, more than 90 percent of Apple devices, such as iPhones, iPads, and MacBooks, are made in China. Experts suggest that Apple’s heavy dependence on China brings potential risks, especially when the US-China trade war shows no signs of de-escalating.
This article answers key questions around the US-led Indo-Pacific Economic Framework (IPEF), implications for member countries, and whether it will be able to counter China’s economic dominance in the Indo-Pacific region.
Top 50 APAC firms report 21% growth in 2021 aggregate revenue
An analysis of GlobalData’s Company Reports Database reveals that seven companies out of the top 50 reported an increase of over 40% in their revenue and three companies reported a decline of more than 3%. The list included 28 companies from China, all of which, registered year-on-year growth.
China continues to lead global e-commerce market with over $2 trillion sales in 2022
China accounted for over 37% share in the global e-commerce market, in terms of payments value in 2021. The country was followed by the US with $1.5 trillion, while the UK stood at a distant third with $292.1 billion in 2021