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"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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– 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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