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Walmart’s Supplier Says Chinese Factories in ‘Desperate’ State

Summary:
The world’s largest supplier of consumer goods says China’s factories are getting “urgent and desperate” as worried U.S. retailers accelerate a move out of the country amid heightened trade tensions. China will see more factory shutdowns as the trade war that’s roiled the global supply chain exacerbates an exodus, said Spencer Fung, chief executive officer of Li & Fung Ltd. https://www.bloomberg.com/news/articles/2019-07-09/trade-war-threatens-chinese-factories-existence-li-fung-says?cmpid=BBD071019_TRADE&utm_medium=email&utm_source=newsletter&utm_term=190710&utm_campaign=trade

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The world’s largest supplier of consumer goods says China’s factories are getting “urgent and desperate” as worried U.S. retailers accelerate a move out of the country amid heightened trade tensions. China will see more factory shutdowns as the trade war that’s roiled the global supply chain exacerbates an exodus, said Spencer Fung, chief executive officer of Li & Fung Ltd.

Walmart’s Supplier Says Chinese Factories in ‘Desperate’ State

https://www.bloomberg.com/news/articles/2019-07-09/trade-war-threatens-chinese-factories-existence-li-fung-says?cmpid=BBD071019_TRADE&utm_medium=email&utm_source=newsletter&utm_term=190710&utm_campaign=trade

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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