Article: Chinese Factories Delay New Orders as Costs Rise, Risking Global Supply Shortages

Article - Media, Publications

Chinese Factories Delay New Orders as Costs Rise, Risking Global Supply Shortages

Stella Yifan Xie, 01 June 2021

HONG KONG—Buffeted by rising costs, some Chinese manufacturers are refusing to accept new orders or are even considering shutting down operations temporarily—moves that could put more strain on global supply chains and cause more inflation.

Surging raw-material prices and a shortage of workers have pinched smaller Chinese manufacturers, including many that sell their products to the U.S. and other Western markets. While many have passed their higher costs on to overseas buyers, the pain is so severe at some manufacturers that they are finding it hard to raise prices enough to make up the difference. Others don’t want to risk losing business to competitors. Many are now looking for other solutions to avoid losing money. Continue reading “Article: Chinese Factories Delay New Orders as Costs Rise, Risking Global Supply Shortages”

Article: China Tries to Temper Rising Commodity Prices

Article - Media, Publications

China Tries to Temper Rising Commodity Prices

Quentin Webb and Stella Yifan Xie, 26 May 2021

China is trying to cool red-hot markets for key industrial commodities such as iron ore, seeking to ensure runaway prices for these raw materials don’t hurt the broader post-pandemic recovery.

Chinese officials, led by Premier Li Keqiang, have stepped up their rhetoric on natural resources since mid-May. The national cabinet, or State Council, which Mr. Li chairs, said last week it would take steps to ensure adequate supply and stable prices for commodities. Continue reading “Article: China Tries to Temper Rising Commodity Prices”