China’s exporters turn to the domestic market, but can it offset coronavirus demand shock?

A lipstick maker in the Chinese city of Yiwu used an online sales platform in some 17 different overseas languages to woo Spanish, Russian, Saudi Arabian, Korean, Japanese, Turkish, and Vietnamese clients, but until this year, had largely ignored the domestic market.Like many other Chinese exporters, Aris Cosmetics tailored its product for foreign buyers, with many requiring a minimum order of 5,000, with unit prices as low as 30 US cents.But after the global coronavirus pandemic wiped out at…

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