The Briefing Room

General Category => World News => Topic started by: To-Whose-Benefit? on September 20, 2018, 06:53:22 pm

Title: Chinese firms start to cut jobs and move overseas as US trade war and rising costs start to bite
Post by: To-Whose-Benefit? on September 20, 2018, 06:53:22 pm

South China Morning Post
PUBLISHED : Friday, 21 September, 2018, 12:02am
UPDATED : Friday, 21 September, 2018, 1:52am

[excerpt]

https://www.scmp.com/economy/china-economy/article/2165000/chinese-firms-start-cut-jobs-and-move-overseas-us-trade-war (https://www.scmp.com/economy/china-economy/article/2165000/chinese-firms-start-cut-jobs-and-move-overseas-us-trade-war)

Once-booming smaller and medium-sized businesses start to feel the squeeze from rising costs with US tariffs set to make the situation worse

Yang Xiaoying feels conflicted and overwhelmed by the uncertain future of the factory she and her husband founded 15 years ago in Dongguan, a manufacturing hub in southern China.

To offset the impact of shrinking orders and soaring operational costs for the factory, which produces shoes and leather accessories for overseas buyers, she has been forced to downsize her workforce from over 200 last year to about 150.

Xie Xusheng, who owns a garment making and embroidery processing factory in the city, also laid off about 160 workers soon after he opened a new factory in Vietnam’s Ho Chi Minh City early this year to supply big-name American brands with shoes, bags and accessories.


Winning!  :smokin:

Title: Re: Chinese firms start to cut jobs and move overseas as US trade war and rising costs start to bite
Post by: Wingnut on September 20, 2018, 07:43:32 pm

Excellent.  But more stories like this are needed.

We must keep our boot on the throat of those Chinamen till they scream runkle.