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China manufacturers struggling to keep up with surge in global bike demand amid coronavirus fears

Summary:
[unable to retrieve full-text content]Fears of taking public transport amid the coronavirus pandemic have led to increased demand for bicycles, and while other products are struggling due to a lack of consumption, the boom has outstripped production capacity in China.In May, China exported 4.6 million bikes, up 11.4 per cent from a year earlier, reversing a decline of 19 per cent in April, according to China customs data.China’s production of bikes in May increased by 44.6 per cent from a year earlier to 4.25 million units,…

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[unable to retrieve full-text content]
Fears of taking public transport amid the coronavirus pandemic have led to increased demand for bicycles, and while other products are struggling due to a lack of consumption, the boom has outstripped production capacity in China.In May, China exported 4.6 million bikes, up 11.4 per cent from a year earlier, reversing a decline of 19 per cent in April, according to China customs data.China’s production of bikes in May increased by 44.6 per cent from a year earlier to 4.25 million units,…

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