There you go. When a sector loses another one gains.
US-China trade war manufacturing exodus creating boom times for Chinese logistics companies
The US-China trade war has created an unlikely winner: the Chinese logistics companies facilitating the exodus of manufacturers looking to dodge tariffs. The supply chain shift has been claimed as a victory by US President Donald Trump, who tweeted: “Many tariffed companies will be leaving China for Vietnam and other such countries in Asia.” This prompted a rebuke from the Chinese Foreign Ministry on Tuesday, which denied that manufacturers were leaving China in their droves. However, plenty of on the ground accounts suggest that factories are being downsized or closed completely, with firms moving to Vietnam, ... (full story)