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Coronavirus: wheels come off China’s mask-making gravy train, as low-end manufacturers count their losses

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[unable to retrieve full-text content]In April, as China’s mask-making juggernaut was cranking up, Changzhou machinery part manufacturer Mo Xiaoyi stockpiled meltblown fabric and nonwoven fabric, both essential mask materials, at peak prices.Sixty kilometres away in Yangzhong, a small island in Jiangsu province, furniture maker Mr Li invested more than 2 million yuan (US2,685) in six meltblown production lines, but could not manufacture a single inch of fabric before local authorities closed his factory down.Both men have been…

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[unable to retrieve full-text content]
In April, as China’s mask-making juggernaut was cranking up, Changzhou machinery part manufacturer Mo Xiaoyi stockpiled meltblown fabric and nonwoven fabric, both essential mask materials, at peak prices.Sixty kilometres away in Yangzhong, a small island in Jiangsu province, furniture maker Mr Li invested more than 2 million yuan (US$282,685) in six meltblown production lines, but could not manufacture a single inch of fabric before local authorities closed his factory down.Both men have been…

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