News

Materials and components suppliers suffer as Chinese shoemaker goes bust

29/11/2012

Reports from China say an important footwear manufacturer, Hongshui, has declared bankruptcy, leaving large debts to components and materials suppliers. On the day of the announcement, November 15, representatives of more than 30 suppliers gathered at the gates of Hongshui’s manufacturing plant in Quanzhou, Fujian Province, to ask for debts to be ...

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