US manufacturing orders in China drop 40% amid COVID-19 lockdowns: report

US manufacturing orders in China drop 40% amid COVID-19 lockdowns: report

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U.S. demand in China's manufacturing industry has reportedly dropped sharply as the country continues to grapple with COVID-19 lockdowns. Some U.S. companies have signaled plans to shift away from China. Apple is planning to pivot some production elsewhere in Asia, such as India and Vietnam, the…

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