Export slump brings lean times at China’s ‘Wal-Mart on steroids’
YIWU, China (Reuters) – Christmas comes but once a year – for Leo Ho, who runs a factory that makes plastic Christmas trees in Yiwu, China’s export capital for novelty knick-knacks, it comes in July, when tree orders start rolling in. But early signs point to a lean Christmas for low-cost exporters like Ho, who told Reuters his sales were down 20 percent year-on-year in 2012. Ho’s pain reflects broader conditions in China’s export sector. . . .
View full post on Politics News Headlines – Yahoo! News
Leave a Reply