Apple and Volkswagen shift production away from China

Apple now makes about a quarter of its iPhones in India, a significant shift as it reduces its manufacturing dependence on China. This move is part of a broader trend of companies diversifying their supply chains away from a single country.

Volkswagen is also facing major challenges from China, with its profit halving. The company plans to cut 50,000 jobs as it struggles to compete with cheaper Chinese electric vehicles, highlighting the intense pressure Chinese manufacturers are putting on global rivals.