Friday , June 18 2021
Home / South China Morning Post / China’s small manufacturers endure ‘difficult time’ as surging raw material prices drive up costs

China’s small manufacturers endure ‘difficult time’ as surging raw material prices drive up costs

Summary:
[unable to retrieve full-text content]Last year, as China’s economy started to rebound from the coronavirus pandemic, Ding Yi saw export orders take off.Ding, who runs a factory making stainless steel strips in the city of Wuxi in eastern Jiangsu Province, even invested in new equipment while demand was good.But with commodity prices now above pre-pandemic levels, the businessman is starting to feel anxious again.“We tried to find new suppliers, but every supplier was raising prices,” he said. “Then we raised the prices of our…

Topics:
Cissy Zhou considers the following as important:

This could be interesting, too:

Tyler Durden writes Lois Lerner Of 2021: IRS Political Corruption Unchanged With Billionaires’ Tax Returns

Tyler Durden writes Hong Kong Pays Off 3 Patients Who Suffered “Adverse” Reaction To COVID Vaccines

Tyler Durden writes Supreme Court Rules Foster Agencies Can Deny Certification To Same-Sex Couples On Religious Grounds

Tyler Durden writes Texas Gov. Abbott Hails “Biggest & Best” Gun Law As He Signs ‘Constitutional Carry’ Into Effect

[unable to retrieve full-text content]
Last year, as China’s economy started to rebound from the coronavirus pandemic, Ding Yi saw export orders take off.Ding, who runs a factory making stainless steel strips in the city of Wuxi in eastern Jiangsu Province, even invested in new equipment while demand was good.But with commodity prices now above pre-pandemic levels, the businessman is starting to feel anxious again.“We tried to find new suppliers, but every supplier was raising prices,” he said. “Then we raised the prices of our…

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.