Iran War Increases Production Costs at China's Canton Trade Fair
The ongoing Iran war has led to a 20% increase in raw material costs for Chinese manufacturers, affecting companies like Xiatao Plastic Industry at the Canton Fair. Rising input costs and concerns over global demand have created uncertainty for exporters, with some reporting halved profit margins. The situation highlights China's vulnerability to global supply chain disruptions.
Topics: Canton Fair China's trade fair global demand Iran war impact production costs