Fuyao’s business has also been adversely affected by the US-China trade war having paid more than US$11 million in extra duties after the US imposed punitive tariffs on car parts, according to the annual report. Photo: Xinhua Fuyao’s business has also been adversely affected by the US-China trade war having paid more than US$11 million in extra duties after the US imposed punitive tariffs on car parts, according to the annual report. Photo: Xinhua
Fuyao’s business has also been adversely affected by the US-China trade war having paid more than US$11 million in extra duties after the US imposed punitive tariffs on car parts, according to the annual report. Photo: Xinhua
China economy
Economy /  China Economy

China’s ‘American Factory’ laid off more than 2,000 jobs worldwide in first half of 2020 due to weak car market

  • Fuyao Glass Industry Group featured in the award-winning Netflix documentary, American Factory
  • Founder Cao Dewang remains pessimistic about the outlook for the second half of the year due to weak demand amid the coronavirus

Topic |   China economy
Sidney Leng
Sidney Leng

Updated: 7:54pm, 25 Aug, 2020

Why you can trust SCMP
Fuyao’s business has also been adversely affected by the US-China trade war having paid more than US$11 million in extra duties after the US imposed punitive tariffs on car parts, according to the annual report. Photo: Xinhua Fuyao’s business has also been adversely affected by the US-China trade war having paid more than US$11 million in extra duties after the US imposed punitive tariffs on car parts, according to the annual report. Photo: Xinhua
Fuyao’s business has also been adversely affected by the US-China trade war having paid more than US$11 million in extra duties after the US imposed punitive tariffs on car parts, according to the annual report. Photo: Xinhua
READ FULL ARTICLE