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As China battled a wave of Covid-19 flare-ups over the previous few months with strict management measures, the widespread disruption of enterprise operations fueled issues over an accelerating exodus of producing.
From October 2021 to March 2022, China misplaced round 5% of its textile export orders, 7% of its furnishings and a couple of% of its mechanical and electrical export orders from the US to the 10-member Affiliation of Southeast Asian Nations (ASEAN), particularly Vietnam, based on U.S. customs knowledge.
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