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Published 8 days ago • loading... • Updated 8 days ago

Chinese Manufacturers Battle Trade War Fallout with Wage Cuts

Summary by Devdiscourse

Chinese Manufacturers Battle Trade War Fallout with Wage Cuts Mike Chai, owner of a kitchen cabinet factory in Foshan, China, is taking drastic measures to cut wage costs by 30% to stay competitive amid shifting global trade dynamics. Chinese firms, undercut by tariffs in the U.S., are targeting Chai's Australian clientele, triggering a re-evaluation of his workforce strategy.Facing dwindling profitability, Chai has halved his workforce since th…

1 Articles

1 Articles

Chinese Manufacturers Battle Trade War Fallout with Wage Cuts

Chinese Manufacturers Battle Trade War Fallout with Wage Cuts Mike Chai, owner of a kitchen cabinet factory in Foshan, China, is taking drastic measures to cut wage costs by 30% to stay competitive amid shifting global trade dynamics. Chinese firms, undercut by tariffs in the U.S., are targeting Chai's Australian clientele, triggering a re-evaluation of his workforce strategy.Facing dwindling profitability, Chai has halved his workforce since th…

8 days ago·India

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100% Center

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Devdiscourse broke the news in India 8 days ago on Tuesday, August 12, 2025.

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