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17
"Our Export Orders Disappeared": Chinese Factories Shutting Down, Laying Off Workers, FT Finds (archive.is)
posted 1 year ago by seernewday 1 year ago by seernewday +17 / -0
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▲ 4 ▼
– Wearestillfree 4 points 1 year ago +4 / -0

The shoe's on the other foot. They now experience the same pain our factory workers felt when their American jobs got shipped to China.

We can make our own stuff here and make it better, Made In The USA. In a short time, America will be destined to become a manufacturing Country once again. We will not be looking back.

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▲ 3 ▼
– Mr_A 3 points 1 year ago +3 / -0

Spoke with a factory rep recently who absolutely confirmed the situation.

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▲ 3 ▼
– MODan 3 points 1 year ago +3 / -0

Look up China Observer and China Truths on YouTube. It is terrible in China.

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▲ 1 ▼
– N0rds 1 point 1 year ago +1 / -0

Meh.

Nobody there gave a shit when this happened to Americans and when our jobs got sent over to them, and our industrial towns all turned to run down drug dens...

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▲ 3 ▼
– seernewday [S] 3 points 1 year ago +3 / -0

Beijing’s in panic mode as tariffs threaten over-leveraged Chinese banks and massively over-built Chinese factories.

China’s already drowning in debt. If the trade war keeps going they’ll have to start pawning the family jewels.

https://x.com/profstonge/status/1915020333939376433?ref_url=

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▲ 2 ▼
– Revodude 2 points 1 year ago +2 / -0

Pundits are saying that China is in the power position. What a joke. They have been papering over a financial collapse for decades. This could be the straw that makes it happen. I give them less than 2 months to make a deal. And every day that goes by, their position gets much weaker. Notice how relaxed Trump is when it comes to China.

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▲ 2 ▼
– iLLNESS 2 points 1 year ago +2 / -0

It's a good thing China spend billions of dollars building all those ghost cities.

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▲ 1 ▼
– seernewday [S] 1 point 1 year ago +1 / -0

According to workers who opened up to the FT, trade war had prompted the suspension of production for a week or more at plants making products ranging from shoe soles to jeans, electrical outlets and portable stoves. Some factory owners said they were cutting overtime or weekend work. Wang Xin, head of the Shenzhen Cross-Border E-Commerce Association, an industry group representing more than 2,000 Chinese merchants, said many of them were “extremely anxious” and had told factories and suppliers to halt or delay deliveries. This had prompted some factories to suspend production for one to two weeks, she said. Three factory recruiters in Guangdong who work with manufacturers said more factories were cutting overtime and weekend work with only the most heavily dependent on American orders putting the whole factory on leave. “Our export orders disappeared so we’ve temporarily stopped,” said a 28-year-old plastics factory worker in Fujian province, adding that production had been halted for a week so far. Others are bracing for a much longer shutdown: executives at DeHong Electrical Products in Dongguan, Guangdong province, gave workers one month leave on minimum wage and said the factory was under “significant near-term pressure” after clients suspended orders. “Management is working hard to find solutions, including expanding into new markets and optimising cost structures, so we can resume normal operations as soon as possible,” DeHong said in a notice seen by the Financial Times. As Treasury Secretary Scott Bessent said yesterday, "good luck" finding a replacement market that will absorb all your US-based production.

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