Not sure how many have caught some of the "on the ground" videos out there of China manufacturing sector...but it's pretty bad right now.
Orders that would have carried them through the end of the year, vanished/cancelled overnight. Now you hear owners saying they're totally screwed, selling their equipment for pennies on the dollar.
Industrial towns usually booming with hustle and bustle are now ghost towns. Even little convenience stores are shuttered because zero customers compared to a short while ago with constant traffic.
I feel bad for those people... and then I remember watching countless USA manufacturers close up because of their IP theft and CCP sponsored/subsidized low cost knock offs that ruined countless markets.
Not sure how many have caught some of the "on the ground" videos out there of China manufacturing sector...but it's pretty bad right now.
Orders that would have carried them through the end of the year, vanished/cancelled overnight. Now you hear owners saying they're totally screwed, selling their equipment for pennies on the dollar.
Industrial towns usually booming with hustle and bustle are now ghost towns. Even little convenience stores are shuttered because zero customers compared to a short while ago with constant traffic.
I feel bad for those people... and then I remember watching countless USA manufacturers close up because of their IP theft and CCP sponsored/subsidized low cost knock offs that ruined countless markets.
Then there's those other ghost towns