'Era of Chinese manufacturing over,' says Nat Rothschild

Nat rothschild China's dominance in global manufacturing is coming to an end, according to British industrialist Nat Rothschild, as prolonged Covid disruption prompts companies to source parts closer to home. Mr Rothschild, a banking scion and businessman, said more companies were now looking to factories in Europe and South America for supplies. “The era of Chinese low cost manufacturing is over ,” he told The Telegraph. "People are prepared to pay more to have the stuff manufactured on their doorsteps. "We’re seeing American companies in particular wanting to move either to Southeast Asia or even to Mexico.” Mr Rothschild is…