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Title : Global Chinese Firms Are 'Decoupling' From China
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Global Chinese Firms Are 'Decoupling' From China

CNA/SCMP: Global Chinese firms try ‘decoupling’ from China as business climate turns hostile  

* In the United States, “Made in China” and “China-based” labels are now politically toxic 

* Public relations specialists note a growing trend of some Chinese companies positioning themselves as being from places like Hong Kong, Singapore or New York, while having an official headquarters in China 

* Between perceived security threats and an emphasis on new supply chain alternatives, US policies have left Chinese firms scrambling for cover 

The communications manager of a multinational tech corporation that makes sustainable smart devices in China stressed that it is a global company, not Chinese. 

The company’s public relations materials say it has “operational headquarters” in the United States, Europe and another Asian country, but don’t mention Shenzhen – though its official website names Shenzhen on top under “headquarters”. And the company plans to move its manufacturing somewhere outside China. 

Founded by a young Chinese tech entrepreneur five years ago, the green energy business has a current market value of more than US$1 billion, a leader in its field. 

Yet the communications manager spoke on condition of anonymity, both for the company and herself, due to the sensitivity of the issue. 

That’s because in the US, “Made in China” and “China-based” – once-proud labels for many businesses with ambitions of promoting Chinese ingenuity and quality in international markets – are now politically toxic, often drawing regulatory scrutiny and public distrust.  

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WNU Editor: The trend of global Chinese companies moving out of China is nothing new. For decades I have seen Chinese entrepreneurs, business owners, and leaders explore and implement strategies to move a part (or most) of their business overseas. And it has nothing to do with business, and all about having a place abroad where they and their family can have an alternative place to live away from China. 

In my consulting business I have helped far more businesses in China open shop in Canada than Canadian companies opening shop in China. In every Chinese case the main reason was to make Canada a second home for their families. In every Canadian case the main reason was to make money in China.

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