Amid surging prices, Chinese companies find a variety of ways to survive and thrive

Amid surging prices, Chinese companies find a variety of ways to survive and thrive

Prices of such commodities have surged by more than 50 percent globally over the past 12 months, creating unforeseen challenges for enterprises the world over, including those in China. Chinese companies across industries are leaving no stone unturned to remain competitive in a tough global market environment.

Surging commodity prices were a potential double whammy, or an Aliesque one-two knockout punch, for many of the COVID-savaged enterprises. For, most businesses' fortunes are linked directly or indirectly to prices of commodities or raw materials.

By mid-June, signs emerged that such measures may be paying off. What's more, the price surge has not shrunk demand－import volumes kept growing through the period of soaring prices.