December used to be the busiest season for gift makers and wholesalers, but sales have plummeted this year.
Some business owners in Wenzhou, where 80 percent of the country's calendars are made, say sales have dropped two thirds from previous years, because many enterprises have withdrawn orders.
Pan Lingru has sold high-end, tailor-made calendars for nine years, but now she's struggling to unload a mass of unsold stock.
"Sales are barely a third of last year's and most of our orders are small. We have very few big orders. We used to have big orders from banks and insurance companies, but they're not buying any more."
This phenomenon is partly due to the Chinese government's e
