The souring US-China relationship also means a growing number of US companies are looking at moving their supply chains outside of China. Ap

The souring US-China relationship also means a growing number of US companies are looking at moving their supply chains outside of China. Apple has become one of the world's most profitable companies by making huge numbers of iPhones in China, but is now increasingly making them in countries such as India.

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However, that will only have a limited impact on getting round US-China tensions according to Dan Wang, who is the Shanghai-based chief economist at Hang Seng Bank China.