Manufacturers in China facing trade barriers are deploying an array of moves to ...
GUANGZHOU, China - Manufacturers in China facing trade barriers are deploying an array of moves to try to keep foreign customers - giving discounts, tapping tax breaks, trimming workforces and, occasionally, shifting production overseas to skirt tariffs.
March brought some encouraging news for manufacturers. Industrial output rose at its fastest rate since mid-2014 and exports rebounded more than expected, while first-quarter growth was better than expected. Ball bearing maker Cixi Fushi Machinery Co gave long-term customers a 3-5 percent discount, according to representative Jane Wang.
Jane Liu, a sales manager, said Aufine plans to send 50 containers a month from Thailand, with 220-240 tires in each, and later expand. Shenzhen Smarteye Digital Electronics Co, a maker of surveillance cameras, which are not on the U.S. tariff list, was able to drop prices because of the tax break, according to sales manager Simple Yu.But Smarteye has worries, including increasing rent and labor costs that led it to trim its workforce.
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