Equities

Reuters details how Chinese firms stung by trade war building up domestic brands

Reuters details how Chinese firms stung by trade war building up domestic brands

Reuters detailed how Chinese manufacturers stung by the trade war are now switching their focus from building their businesses with big U.S. companies to concentrate on their own domestic brands. The trend highlights the limited options Chinese manufacturers have as tariffs eat into their businesses but also represent a longer-term threat of fiercer competition for big foreign companies.