Which Is New China: SWOT Analysis for Potential Countries Within the Framework of China Plus One

The COVID-19 pandemic shows that current supply chains should change. Many countries have thought that some goods are manufactured by themselves in situations like pandemics. Also, China, known as the “factory of the world”, has changed its economic growth model since 2008. They want to manufacture more technological products and increase domestic consumption. Recently, the concept of China Plus One (China+1) has been used to identify countries with high production potential. In this study, based on selected economic indicators (Labour Force, Logistics Index, Foreign Direct Investment, GDP, Government Expenditure on Education, High Technology Export, Geopolitical Risk Index, Exports of Goods and Services, Wage and Salaried Workers), the high production potential of 8 countries (Türkiye, Viet Nam, Egypt, India, Malaysia, Ghana, Cambodia, Thailand) have been subjected to SWOT analysis. The analysis ranks the countries based on their potential to become the “new China”.