Due to the impact of the Sino–U.S. trade war and Chinese economic downturn, foreign companies in China have been moving their production lines out of the country to reduce costs. On Jan. 5, Ricoh, the Japanese producer of electronics and office equipment, announced that it would be relocating a factory out of China, according to a report by Radio Free Asia (RFA), citing Japan’s Kyodo News.
The Ricoh Company, Ltd., a multinational imaging and electronics company, primarily produces cameras and office equipment, is preparing to transfer its printer production line to Thailand. The company currently exports printers from Shanghai and Shenzhen to the United States.
