How to face the trade war as a bag’s factory in china
How to face the trade war as a china bag’s factory
Recently, the Sino-US trade war has been raging. Whether a manufacturer or importers, it has been affected more or less. The 25% increase in tariffs has killed most manufacturers because most of the bag factory’s profits rate is far less than 25%. Shenzhen minray products Ltd., co as a Chinese bag factory, we tried our best to find a win-win solution, which helped our customers reduce the pressure on tariffs and also increased our competitiveness with Southeast Asian countries. Invested in a factory in northeast China, which is now basically completed. The factory is committed to producing large-volume promotional orders, gift bags, cosmetic bags and other products. The labor costs will be reduced by about one-third. Absolutely competitive. pls. reply to me, if helped. Here are some basic pictures of the factory (still under construction).