Shoe factory closures in Putian
Around 60 shoe manufacturers in the Chinese city of Putian have either gone out of business in recent months or have moved production to other Asian countries, according to a report on the China Leather Industry Association website.
It follows a trend of rising wages making shoemaking uncompetitive in some areas of China – footwear giant Stella recently announced the closure of its Dongguan factory with the loss of 10,000 jobs, according to local reports.