Disruptions to shipping as a result of increased pandemic control measures, including lockdowns, are stretching out payment terms for Chinese factories. Photo: AP
Disruptions to shipping as a result of increased pandemic control measures, including lockdowns, are stretching out payment terms for Chinese factories. Photo: AP

Coronavirus shipping delays force China’s small manufacturers to cancel orders as inventories pile up

  • Disruptions to sea and air freight caused by the coronavirus pandemic are delaying payment terms for Chinese factories
  • With cash tied up in inventory that cannot be shipped, smaller exporters are rejecting orders to avoid cash flow problems

Topic |   China manufacturing
Disruptions to shipping as a result of increased pandemic control measures, including lockdowns, are stretching out payment terms for Chinese factories. Photo: AP
Disruptions to shipping as a result of increased pandemic control measures, including lockdowns, are stretching out payment terms for Chinese factories. Photo: AP
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