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News Wire / economy

Textile Production Drops In Guangzhou Amid Conflict

ABC NewsRadio AU Guangzhou 19d14d Impact 5
Local tea and textile suppliers in Guangzhou are facing increased operational costs due to global conflict and economic uncertainty. Suppliers report fears that they will be forced to absorb these extra costs because international clients are unwilling to pay higher prices. Despite the uncertainty, the region continues to attract global buyers seeking stability. Textile industry association head Kosi Dukdat stated that continuing production has lost economic significance.

Topics

textile industry global trade economic uncertainty

Developing

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Sources · 7 independent

ABC NewsRadio AU

“The city is welcoming buyers from all over the world. And this year, it's reflecting a world shaped by conflict.”

CRI News Radio

“繼續開工已經失去了經濟意義 在每一戰爭開始前 我們每天至少能生產1萬米面料 現在已經下降到了3500到4000米”

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