This involves shifting millions of workers out of the steel, coal and other heavy industries.

在钢铁煤矿等重工业，数百万工人加入转型队伍。

Global manufacturers are shifting business out of China.

全球制造商正在将业务转移出中国。

And then trustees of the schemes began shifting assets out of equities into government bonds that were supposedly low risk.

然后，这些计划的受托人开始将资产从股票转移到据称风险较低的政府债券。

Such " friend-shoring" , a euphemism for shifting sensitive operations out of or farther away from China, helps allay American fears over high-tech supply chains.

这种做法被称作“友国外包”，委婉地代指将敏感的业务转移或者远离中国，以缓解美国人对高科技供应链的忧虑。