Million Tea Farmers Cry! China’s Tea Industry Collapses, A Large Number of Tea Gardens Abandoned
Million Tea Farmers Cry! China’s Tea Industry Collapses, A Large Number of Tea Gardens Abandoned
Udumbara
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This year, China’s tea industry is experiencing an unprecedented wave of closures. Tea prices have collapsed, forcing many tea shops and factories to shut down, while numerous tea fields lie abandoned. Industry insiders say oversupply and long delays in payment recovery have pushed many tea companies into debt, breaking their cash flow and leading to widespread bankruptcies.
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