Factories
Workers on an assembly line in a factory

China's Retail Sales Lowest In Two Years

China's retail sales slumped to its lowest in two years while factory output plunged, official data showed Monday, capturing the dismal economic fallout from Beijing's zero-COVID policy.The world's second-largest economy has persisted with strict virus measures, choking up global supply chains as dozens of Chinese cities – including key business hub Shanghai – grapple with restrictions.Officials have vowed to support growth, lowering the mortgage rate for first-time homebuyers.

16 May 2022
0

Global Brands Trapped In Vietnam’s COVID Lockdown

From shoes and sweaters to car parts and coffee, Vietnam's strict and lengthy coronavirus lockdown has sparked product shortages among worldwide brands such as Nike and Gap which have grown increasingly dependent on the Southeast Asian nation's manufacturers.The snarl-ups at Vietnam's factories are part of a broader crisis around the planet that is sending inflation surging and raising concerns about the pace of recovery in the global economy.At a fabric mill east of Hanoi, Cla

29 September 2021
0

China’s slowdown deepens

China heads into the new year with its factories back in contractionary territory as the threat of a prolonged trade war dampens sentiment and stimulus struggles to gain traction.The manufacturing purchasing managers index dropped to 49.4 in December, the weakest since early 2016 and below the 50 level that denotes contraction.

1 January 2019
0