Covid restrictions in China damage the world's leather sector and make Chinese entrepreneurs flee the country
Ongoing disruption of production in China and the supply chain through its ports causes problems for the global leather industry, says leatherbiz's "Market Intelligence" report. Jing Daily writes, that anger grows under the seemingly endless lockdown of Shanghai and the demands for emigration by Chinese entrepreneurs have soared. According to the Financial Times, wealthy people fleeing the country have increased because the recent wave of Omicron has left 26 million residents trapped in their homes and economic activities have stalled.
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