China’s days as the world’s factory are done: Apple iPhone maker Foxconn

Apple’s manufacturing partner Foxconn reportedly said there will be a manufacturing ecosystem in every region be it India, Southeast Asia or America. Foxconn said that China will no longer be the factory for the entire world.

“No matter if it’s India, Southeast Asia or the Americas, there will be a manufacturing ecosystem in each,” Hon Hai Precision Industry Co. Chairman Young Liu told Bloomberg while adding that China will still play a key role for Foxconn but “the country’s days as the world’s factory are done.”