ISP China Desk

In Myanmar, thousands of workers have been laid off as factories close or suspend operations, and the country faces the grim prospect of more big job losses, a further decline in trade, a fall in tourist arrivals, and a general downturn in the economy. Garment factories have been particularly hard hit by a lose-lose situation. Raw materials supplied from China have been affected by factory closures there as well as supply chain disruptions, and demand for garments has slumped in Europe, the United States and other markets.