Economics
Chinese Producers Fleeing Trade War Buoy Leading Thai Developer
- Industrial estate provider WHA says sales have started to jump
- Firms are looking to relocate some production to skirt tariffs
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The upheaval in global supply chains triggered by the trade dispute between the U.S. and China is benefiting the largest developer of industrial estates in Thailand.
Land sales have begun to surge at WHA Corp., partly because of demand from Chinese manufacturers seeking alternative production sites to skirt U.S. tariffs, according to David Nardone, the group executive for the company’s industrial-development unit.