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Chinese headphone maker in Dongguan shuts down, intensifying country’s woes in manufacturing, cross-border e-commerce

July 21, 2022
Source: scmp.com scmp.com
News Snapshot:
A major Bluetooth headphone maker, Dongguan Koppo Electronics Co, has decided to shut down for good and dismiss all its workers, becoming the latest casualty of the economic headwinds, supply chain disruptions and trading woes that have hit China’s manufacturing heartland. Koppo Electronics, which has operated its factory in the city of Dongguan in southern Guangdong province for 12 years, said it was ceasing operations partly because “a number of cross-border e-commerce clients have failed to make due payments”, according to a notice seen by the Post . “Since the outbreak of the Covid-19 pandemic, global economic and trade flows...
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Tags: accounting | Amazon | bank | China | Chinese | Covid-19 | currency | Dongguan | e-commerce | Economy | export | Exports | factory | fraud | Gadgets & Electronics | Guangdong | manufacturing | Ministry of Commerce | Pandemic | Pearl River Delta | Renminbi | Shenzhen | supply chain | War | Yuan

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