Apparel Bank Beijing China Chinese Clothing Economy Europe Export Exports Goldman Sachs Healthcare Import Iran Manufacturing Middle East Oil Semiconductor Shanghai Sinopec Supply Chain Tariff United States War
Chinese exporters are finally passing on the pain – right as they’re experiencing a major shortage of a key industrial material. After years of cutting prices amid overcapacity and cutthroat competition, manufacturers are now raising prices on everything from swimsuits and ski suits to medical syringes and air conditioners. The culprit: the Iran war’s energy shock, which has sent oil-linked input costs skyrocketing and is now rippling straight through to global store shelves. Customs data compiled by Trade Data Monitor and analyzed by Bloomberg reveal sharp year-on-year price jumps in March across more than a dozen categories of household goods…
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