the manufacturing industries in Europe
Posted by Liu Er over 6 months ago
Firstly, the improvement of the economic situation in Europe and the United States is the main cause of the decline in exports. Second, the manufacturing industries in Europe and the United States have begun to return, which has also affected China’s exports to a certain extent.
Third, the rise in domestic labor costs has also caused many companies’ factories. Transferred to Vietnam and other countries; the fourth is the United States has carried out anti-dumping lawsuits against wooden bedroom furniture of some of China's export enterprises.
The person in charge of an export furniture company in Guangdong told reporters that due to the continuous rise in the overall cost of labor, energy, and land in China in recent years, many European and American companies have transferred large orders from China to Vietnam,
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