Even as supply lines have shifted back to China from coronavirus-hit countries, crucial raw materials such as metals are making it impossible for some manufacturers in the “world’s factory” to turn a profit. Illustration: Henry Wong Even as supply lines have shifted back to China from coronavirus-hit countries, crucial raw materials such as metals are making it impossible for some manufacturers in the “world’s factory” to turn a profit. Illustration: Henry Wong
Even as supply lines have shifted back to China from coronavirus-hit countries, crucial raw materials such as metals are making it impossible for some manufacturers in the “world’s factory” to turn a profit. Illustration: Henry Wong

China’s factories decry surge in raw material prices as they cut production and say 2021 may be worse than 2020

  • Manufacturers in the ‘world’s factory’ say it is too risky to take new orders, resulting in shutdowns and staff cuts that could threaten China’s economic growth goals for the year
  • Even as supply lines have shifted back to China from coronavirus-hit countries, crucial raw materials such as metals are becoming too expensive to turn a profit

Topic |   China manufacturing
Even as supply lines have shifted back to China from coronavirus-hit countries, crucial raw materials such as metals are making it impossible for some manufacturers in the “world’s factory” to turn a profit. Illustration: Henry Wong Even as supply lines have shifted back to China from coronavirus-hit countries, crucial raw materials such as metals are making it impossible for some manufacturers in the “world’s factory” to turn a profit. Illustration: Henry Wong
Even as supply lines have shifted back to China from coronavirus-hit countries, crucial raw materials such as metals are making it impossible for some manufacturers in the “world’s factory” to turn a profit. Illustration: Henry Wong
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