Chinese manufacturers pivot to social commerce platforms to sell unsold goods at bargain prices.

  • someguy3@lemmy.world
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    2 days ago

    As the U.S.-China trade war heats up, businesses in major export hubs in southeastern China are announcing factory “holidays” – halting production and slashing employee wages and work hours – while turning to social commerce platforms to sell stockpiled goods, as they grapple with a sharp drop in overseas orders.