Profits at China’s industrial firms nearly doubled in March from a year ago, as demand for raw materials has increased and the economy recovers from the pandemic. Photo: Reuters
Profits at China’s industrial firms nearly doubled in March from a year ago, as demand for raw materials has increased and the economy recovers from the pandemic. Photo: Reuters

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

  • Demand for raw materials has surged in China as the economy has recovered from the pandemic, but that has increased costs for downstream manufacturers
  • While big industrial companies have seen profits grow this year, soaring prices for commodities like iron ore are starting to put pressure on smaller firms

Profits at China’s industrial firms nearly doubled in March from a year ago, as demand for raw materials has increased and the economy recovers from the pandemic. Photo: Reuters
Profits at China’s industrial firms nearly doubled in March from a year ago, as demand for raw materials has increased and the economy recovers from the pandemic. Photo: Reuters
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