China exporters look inwards as virus hits overseas markets
Workers assembling toys at the Mendiss toy factory in Shantou. China exporters are looking to domestic consumption as international partners are hit with the economic effects of the coronavirus. – AFP pic, May 24, 2020.
CANCELLED shipments, returned goods and a dearth of new orders have left China exporters in crisis as the coronavirus hits its trading partners worldwide – accelerating a long-standing push towards domestic consumption. The world’s second-largest economy is stirring back to life after virus cases dwindled from a peak in February, when activity came to a near-halt.
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