Under the Sino-US trade war, Chinese manufacturers are "turning exports into domestic sales," shifting many goods originally bound for the U.S. to be sold within China to reduce inventory. During the May Day holiday, Shanghai residents went on a shopping spree.
“We are a long-established foreign trade company, with production techniques and standards at the international first-class level, capturing 50-60% of the U.S. market.” Said Cao Shuang, the domestic marketing director of Sileader, a manufacturer specializing in thermos cups, to Shangguan News. This is a professional-grade coffee apparatus used in diamond-level hotels abroad; previously priced at 1800 RMB (1040 MYR), it is now sold for 219 RMB (127 MYR).
At the Shanghai Global Harbor Export Commodity Show, which opened before May Day, a foreign trade company displayed various hemp woven shoes. The staff mentioned that these were all produced for the American brand Soludos. “This brand is very popular in the European and American markets, and it's actually manufactured in a Zhejiang factory,” they said. The official website price is usually several hundred dollars, and the current price ranges from 58 RMB (34 MYR) to 239 RMB (138 MYR) mainly to clear inventory.