Apple’s tech supply chain shows difficulty of dumping China

A recent survey from the US-China Business Council found that US firms’ optimism about China has already fallen to a record low and evolving challenges - such as China’s COVID-zero policy, power cuts and geopolitical tensions - have caused more than half of surveyed companies to delay or cancel planned investments in China. Nearly a quarter of the survey respondents said they’ve moved segments of their supply chains out of China over the past year.