News Analysis China is no longer the world’s manufacturer as U.S. and foreign companies are leaving in large numbers for a variety of reasons. Some of the factors that have caused companies to move their production facilities out of China include the following: the U.S.-China trade war and tariffs, intellectual property (IP) theft, sanctions imposed on Beijing over human rights violations in Xinjiang and for eroding Hong Kong’s autonomy, boycotts by Chinese consumers, supply chain disruption, pandemic economy, increased government regulation and scrutiny, and rising production costs. In a 2020 survey conducted by research firm Gartner, roughly one-third of supply chain leaders responded that they had plans to move at least some of their manufacturing out of China before 2023. A study conducted by UBS Evidence Lab found that 76 percent of U.S. companies with manufacturing in China were either in the process of or planning to shift operations to other countries. …