Factories Face Survival of The Fittest

Rising costs, Yuan currency rate revaluation have made shoe manufacturers in a south China to shut down or relocate in the past year. The problems in the footwear industry reflect broader crisis affecting manufactures across Peal River Delta.

From Financial Times :

At its height, the Changdeng Shoe Company employed 7,000 workers in the eastern district of Dongguan , a centre in China’s southern Guangdong province. Today the company’s factory compound is a ghost town, populated by only a few dozen bored security guards, ground keepers and technical personnel overseeing the dismemberment of its assembly lines.

In a communal area surrounded by Changdeng’s abandoned worker dormitories, a beauty salon, table-tennis room and medical clinic have been stripped bare. A notice for an auction, held last December, invites anyone interested in the factory’s five cars to come and bid.

See also: China’s shoe industry under pressure from The Financial Times.

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