July 30, 2024
China’s low-tech manufacturers hanging on by their fingernails
William Langley
Jul 30, 2024 – 4.12pm
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At a factory in China’s manufacturing heartland, workers manually add small splashes of paint or glitter to printed images of flowers – small tweaks designed to boost dwindling profits in the face of softer global demand.
“We would like to say that if you can go high-end, the better the quality of your paintings, the more classic they will be. But in the current global economy … the more we sell, the lower the price,” says Wang Xiaosha, general manager at Fujian Jie Ao Industrial in Minhou county in China’s south-eastern Fujian province.
Financial Times