‘Printing money’: booming mask producers in China meet global demand

The Business Times | Mar 27, 2020 at 12:00 AM
  • As the coronavirus pandemic that originated in a central Chinese city has gone global, thousands of factories in China have nimbly turned to a new and very profitable market – face masks for export.
  • At the height of China’s outbreak in early February, Guan Xunze’s company created a new mask factory in just eleven days.
  • Qi Guangtu has put more than 50 million yuan (S$10 million) into his factory producing mask-making machines in the southern industrial hub of Dongguan.