Meeting New Challenges

While the economy in China is returning on track, new challenges are coming up from other areas. With the novel coronavirus disease (COVID-19) becoming a pandemic, exporters are losing orders as disruptions hit their clients abroad.

For instance, Goodwill Watch Case, a watch manufacturer in Dongguan, Guangdong Province in south China, announced on March 21 that its factory will close for three months. Its largest client, American fashion designer and manufacturer Fossil Group, has canceled its future and present orders. Fossil, which also makes accessories for Armani and DKNY, has closed all its North American stores and most stores in Europe due to the pandemic. “Our operation is in crisis,” Goodwill said in a statement.

The China Import and