China warns Shein against relocating supply chain, Bloomberg News reveals
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According to Bloomberg News, Shein, a fast-fashion retailer, is encountering resistance from the Chinese government due to their intention to relocate some manufacturing operations outside of China. The Chinese Ministry of Commerce has contacted Shein and other companies, cautioning them against diversifying supply chains by seeking sources from other countries. The specific firms contacted by the ministry have not been disclosed by Bloomberg News.

The advisory from the ministry was prompted by U.S. President Donald Trump's impending announcement on reciprocal tariffs, which has led companies to seek alternative strategies to evade additional import duties. Shein has not addressed the report in response to a request from Reuters for comment.

Trump's imposition of higher tariffs has caused significant turmoil in global markets, resulting in the decline of trillions of dollars in asset value. This has sparked strong criticism from China, leading to additional tariffs of 34% on all U.S. goods.

(Information reported by Sameer Manekar in Bengaluru; Editing by Mrigank Dhaniwala)

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