Apple (AAPL) made waves through Asia this week when it opened its first two stores in India. Apple is making its push into India amid rising tensions between the U.S. and China, and one analyst says we could be seeing the start of a global production shift.
"Maybe in certain areas, India could be the new China," said China Beige Book International Managing Director Shehzad Qazi. "[But] I'm not sure we want new China's to begin with... I think CEOs are feeling a lot of political pressure that says you need to decouple from China."
Qazi elaborates on his concern about "new Chinas," adding, "I think the China experiment tells us putting all our eggs in one basket is dangerous... I would discourage thinking India is the one main basket where everything needs to go from China."
KEY VIDEO MOMENTS:
00:15 Qazi on the strategy of U.S. companies moving production from China to India
01:26 Qazi on not blindly buying into the magnitude of China's economic rebound
