China’s consumers are spending less. A slowdown could be on the horizon.
“What these factory owners are making is a point that, even with the tariff, it is still going to be drastically cheaper than when you’re buying from the brand directly,” said Caiwei Chen, a China reporter for MIT Technology Review.
Shoe making has been shifting to countries like Vietnam, Cambodia and Indonesia but China is still a leading footwear manufacturer
Is the problem unfair industry subsidies, or is China just better at making electric vehicles?
