China’s factory activity rose in October, recovering from the deep slump brought on by the coronavirus pandemic earlier in the year. The boost in demand was led by a rebound in Chinese consumer demand as people spent on travel, leisure, and shopped for goods during October. However, ongoing COVID-19 issues in Europe and the US, and a clear trend toward reshoring manufacturing and supply chains to North America may not bode well for future exports.
China’s Factories Recover as a Result of Demand from Within China, but Exports May Never Recover Due to COVID-19 Issues and Reshoring of Manufacturing and Supply Chains
by closeshoring | Nov 2, 2020 | Uncategorized | 0 comments