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Raise a Glass to Malbec! Malbec World Day, April 17 | SaltWire #reels #shorts #wine #foodGUANGZHOU, China - Wu Huazhan's Chinese television factory used to impose minimum orders to manage production efficiently. Times are now so bleak, it will take any order.
A sharp contraction in Chinese exports for March in dollar terms despite growth in volumes and data showing producer prices extending a year-and-a-half-long decline have tempered hopes that China is on its way to finding sustained post-pandemic growth. A manager at an outdoor heater manufacturer based in Jiangsu province said he didn't have a lot of hope for his European and North American markets, where most of his clients are based.
The potential for further trade tensions with the United States and Europe is also a key worry. Former U.S. President Donald Trump has threatened 60% tariffs on Chinese imports if he beats incumbent Joe Biden in upcoming elections.
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