This article report on several companies abandoning the export market. These firms gave up on exports months ago, but the latest U.S. dollar rally will push even more firms out of exports and into domestic production. This is a trend that stretches back to 2010, when the end of dollar weakness (which the yuan still largely tracks) added another cost on top of rising resource and labor prices. On the demand side, the developed economies are stagnant.
Exporters in China must adapt or face closure
Chinese exporters are constricting exports and shifting their attention to the home market as overseas orders decline, the Xinhua-run China Securities Journal reported on Friday.
Many exporters, especially small firms, are having to make big changes or face closure, said the report based on surveys in Shandong and Zhejiang provinces in eastern China.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/base/copper-d.gif)
No comments:
Post a Comment