Wednesday, Oct 29, 2008
finding new employment in factories and other businesses serving the domestic Chinese market
the International Herald Tribune via TS: Chinese exporters feel the pinch as demand slows
GUANGZHOU, China: From manufacturers of chain saws to producers of stereo headphones, and makers of practically every product in between, exporters in China are running into trouble as demand slows in the United States and Western Europe.
As the world's largest export fair opened here Wednesday, executives from across China complained of rising costs and falling sales.
"Most of the suppliers are disappointed with this financial crisis - it's a disaster," said Kevin Cao, the export manager of the HuangYang Bronze Company, a producer of aluminum wire that has seen its exports drop by nearly half since July and that has had to cut its work force by a quarter.
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