Chinese goods: China factories go into overdrive but exporters are not happy
Synopsis If exporters raise dollar prices in response to the yuan’s rise, that could hurt demand for their goods, but if they accept lower profits, they won’t have the money to invest in new capacity. iStock What will take longer to recover are the problems in the global logistics industry, which exporters expect to last for most of 2021. Clark Feng saw export orders for the garden furniture, swings and tents he sells out of China surge 70% last year as lockdowns and social distancing fueled demand. But he's not happy about it. “The more you sell, the more you lose money, what’s the ...