Trade war with US triggers wave of factory ‘holidays’ in China’s export hubs
Trade war with US triggers wave of factory ‘holidays’ in China’s export hubs
Chinese manufacturers pivot to social commerce platforms to sell unsold goods at bargain prices.
I can't wait to watch Fox scramble to explain how this is all actually part of the plan and that everything totally isn't imploding rn.
I mean, Chinese companies having loads of unsold inventory that they are trying to sell to locals at a deep loss does seem to be part of the tariff story.
What I imagine Fox struggling with is the impending lack of supply of a shit ton of consumer goods in the US, which will lead to higher prices, and maybe even shortages, of important things like toasters
While that is likely the spin, it's not so when your position is quite literally "fuck these guys, we don't need the money; burn it."
As the U.S.-China trade war heats up, businesses in major export hubs in southeastern China are announcing factory “holidays” – halting production and slashing employee wages and work hours – while turning to social commerce platforms to sell stockpiled goods, as they grapple with a sharp drop in overseas orders.
Won't somebody think of the poor haul video people?