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Exit point: Low-end manufacturers up sticks
HOME > PAST ISSUE > SPECIAL REPORT [Premium content]June 2008
Tightening regulations are forcing some businesses out of China
Stories about businesses turning their back on China first surfaced a couple of years ago. The national media focused in particular on South Korean firms in Qingdao that scurried away in the middle of the night, leaving workers and bills unpaid. The Qingdao Morning Post, for example, characterized these Korean businesses as, “leaving without saying goodbye.”
Among the largest firms in Qingdao to do so were two leather factories – Xinyi Leather Products and Xinwu Leather ...
Among the largest firms in Qingdao to do so were two leather factories – Xinyi Leather Products and Xinwu Leather ...
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