Walmart’s Supplier Says Chinese Factories in ‘Desperate’ State

The world’s largest supplier of consumer goods says China’s factories are getting “urgent and desperate” as worried U.S. retailers accelerate a move out of the country amid heightened trade tensions. China will see more factory shutdowns as the trade war that’s roiled the global supply chain exacerbates an exodus, said Spencer Fung, chief executive officer of Li & Fung Ltd.

Operations At The Pan-Pacific Co. Viet Pacific Clothing (VPC) Factory