For China’s bicycle industry, 2020 is the best year in a decade, with consumers abroad craving exercise and ways to avoid public transport, said Liang, general manager at Guangzhou’s Trinx Bikes.
He said, “Our capacity maxed out in September and October, and we hired a lot of temporary workers to catch up with the demand.”
With orders now stretching into 2022, his factories now employ about 100 extra temporary workers on top of 1,000 regular staff. Zhang, who owns a company manufacturing speakers for European and American markets, says demand is 25 percent higher than in previous years.
He’s been paying his normal staff overtime to keep up and has also hired temporary workers for about 18 yuan an hour, 20 percent more than his full-time workers. As a last resort, he’s leased other factories to take the load.
China’s manufacturing investment jumped 12.5 percent on-year in November, up from 3.7 percent in October.