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Hong Kong manufacturers struggle with ‘blackouts’, rising producer prices in mainland China

As China pushes to maintain its central position in the global supply chain, Hong Kong funded-firms are being hit by new challenges on the mainland, including power shortages and skyrocketing production costs, according to an industry group.China’s domestic demand and exports continue to recover from the coronavirus pandemic, with factory orders at about 70 to 80 per cent of pre-pandemic levels, Allen Shi Lop-tak, president of the Chinese Manufacturers’ Association of Hong Kong, said on…

Read the original article at South China Morning Post

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