China launched a huge effort to produce protective gear to meet shortages during the pandemic AFP/STRBEIJING: Tens of thousands of mask-making companies mushroomed across China at the start of the coronavirus pandemic, but many are struggling to survive as they face stricter quality control measures and falling domestic demand.
Now the outbreak is largely under control in mainland China, domestic mask demand has dropped dramatically, pushing prices down. China Labour Bulletin, which tracks worker unrest in the mainland, said there had been a number of protests in recent months due to some mask factories closing abruptly and leaving staff unpaid.
Xu said the company now sells each mask for 0.4 yuan - a quarter of the price they sold for at the height of China's domestic outbreak earlier this year.After international complaints about low grade products, Chinese authorities now demand a certificate of quality for those looking to export masks, which has also hit some of the smaller producers.
But China is set to remain the world's top mask provider, according to analysts, with the big companies ramping up production as the virus continues its global march.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philippines, China, South China Sea & maritime drills with the US: InquirerIn its editorial the paper reviews President Rodrigo Duterte's decision to break Manila's tradition of joining maritime drills with the United States and Australia in the South China Sea this year.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Wall St. retreats on slowing jobs growth, US-China frictionThe S&P 500 was set to pull back from near six-month highs on Friday as data showed a sharp slowdown in U.S. employment growth and President ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China hopes US will cooperate to create favourable conditions for trade deal, says top diplomatBEIJING (REUTERS) - China urges the United States to strengthen cooperation so as to create favourable conditions for the implementation of the phase one trade deal, said its top diplomat Yang Jiechi on Friday (Aug 7).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
STI closes 0.53% lower on Friday as Trump takes fire at China techTHE Straits Times Index (STI) fell 13.59 points or 0.53 per cent to 2,545.51 on Friday as US president Donald Trump's growing attack on the Chinese tech sector sent Asian stock indices lower, while punters continued to hope for a US stimulus package to keep the global economic recovery on track. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
China accuses US of 'political suppression' over TikTok, WeChat banBEIJING: Beijing accused the United States of 'suppression' after President Donald Trump ordered sweeping restrictions against Chinese social ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tencent loses US$46 billion as WeChat ban rocks China, Hong Kong stocks and yuanSHANGHAI (BLOOMBERG, REUTERS) - The Trump administration's move to ban US residents from doing business with Tencent Holdings' WeChat app rippled through Chinese markets, on Friday (Aug 7) erasing US$46 billion (S$63 billion) from the Internet giant's market value and sending the yuan to its biggest slump in two weeks.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »