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Coronavirus shipping delays force China’s small manufacturers to cancel orders as inventories pile up

Small and medium-sized Chinese export manufacturers are rejecting orders and scaling back production to avoid mounting inventory and cash flow problems caused by extended shipping times.Disruptions to shipping – both sea and air – as a result of increased pandemic control measures, including lockdowns, are stretching out payment terms for Chinese factories.Cash is being tied up in inventory that cannot be shipped quickly, forcing people like Betty Chen, who runs garment factories and wholesale…

Read the original article at South China Morning Post

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