Domestic manufacturers in Kazakhstan are facing a sharp decline in demand as Chinese online marketplaces gain market share, according to Inna Apenko, founder of local brands Mimioriki and Global Nomads.
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Speaking during a discussion on the impact of tax reforms, Apenko — who also serves as vice president of the Light Industry Association of Kazakhstan — said the challenges began even before recent policy changes.
She pointed to a noticeable drop in retail demand, driven by both...