Middle East conflict sends shockwaves through the plastics industry #CGTN

Middle East conflict sends shockwaves through the plastics industry
China’s plastics industry, a backbone of manufacturing from electronics to home appliances, is facing unprecedented turmoil. Raw material costs have skyrocketed, factories are struggling to keep up, and small and medium-sized businesses are feeling the brunt of the pressure. Conflict thousands of miles away in the Middle East has sent oil prices soaring, triggering a chain reaction that has rippled all the way to Dongguan – one of China’s major plastic trading hubs. CGTN reporter Olivia He has more.

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