Dah Sing Bank Report: Chinese companies are restructuring their supply chains, with ASEAN being seen as the most important overseas procurement market.

"The enterprise supply chain strategy is accelerating from 'China+1' to a more stable 'China+N.' The position of ASEAN as a core hub is increasingly prominent," said Xin Tao, head of the China Wholesale Banking Department and Beijing Branch of Dahua Bank, to Interface News. On July 17, Dahua Bank released the "Dahua Bank Corporate Outlook Survey Report 2025." The report points out that despite cost pressures, labor shortages, and ongoing geopolitical risks putting pressure on Chinese companies, through the localization, diversification, and digitalization of supply chains, Chinese companies continue to demonstrate strong resilience and adaptability.