CHANGE: Firms Withdraw From China On Worsening Business Conditions. “A growing number of companies from Korea and other countries are pulling their production out of China due to worsening business conditions sparked by the prolonged tension between the United States and China coupled with rising operating costs there. They are moving to the ASEAN market as the 10-nation economic bloc with its young population and cheap labor costs has been emerging as the world’s new manufacturing hub replacing the Chinese market.”