Chinese Factories Shut as Export Orders Dry Up Amid Pandemic By Nicole Hao
https://www.theepochtimes.com/chinese-factories-shutter-as-export-orders-dry-up-amid-pandemic_3310277.html#
A large number of export-oriented Chinese factories were shuttered recently after they didn’t have enough orders to fill.
Some home appliance manufacturers also announced that they laid off employees because of a lack of export and domestic demand due to the pandemic.
As the outbreak of the CCP (Chinese Communist Party) virus, commonly known as novel coronavirus, became severe in January, much of China was placed under lockdown and factories halted production for more than a month.
In February, Beijing encouraged companies to resume operations as it grew concerned about an economic slowdown. But Chinese companies were worried that the virus could spread among employees; many factories remained closed.
As some factories reopened in March, they realized they faced a bigger challenge—having no orders to fill. Orders were canceled as the virus spread to other countries, which also adopted social distancing measures and reduced economic activity.
Comments are closed.
