With reference to the China-plus-One Strategy, consider the following statements:
1. It is a strategy in which companies avoid investing only in China and diversify their businesses to alternative destinations.
2. The China-plus-one model gave the EU, Mexico, Taiwan, and Vietnam a boost because companies began investing in these alternate locations.
Which of the statements given above is/are correct?1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2