Chinese Factories’ Output Declining Due To COVID Surge
David ShillerJanuary 13, 2023
Factory activity in China is expected to show extended declines in December, according to a Reuters poll, as the end of the country’s “zero-COVID” policy and rising infections began to affect production lines. Some analysts anticipate labor shortages and increased supply chain disruptions. Fears of a global recession due to rising interest rates, inflation, and the war in Ukraine have weakened external demand, which is likely to also impact China’s export manufacturers. This means manufacturers in China now face a challenging winter, despite the government’s renewed focus on pursuing economic growth.
David Shiller is the Publisher of LightNOW, and Senior Business Development Consultant at Capacity Consulting, a North American consulting firm providing business development services to advanced lighting manufacturers. The ALA awarded David the Pillar of the Industry Award. David has been co-chair of the ALA’s Engineering Committee since 2010. David established MaxLite’s OEM component sales into a multi-million dollar division. He invented GU24 lamps while leading ENERGY STAR lighting programs for the US EPA. David has been published in leading lighting publications, including LD+A, enLIGHTenment Magazine, LEDs Magazine, and more.
You must be logged in to post a comment.