After conducting surveys from sales managers of more than 2,300 companies, World Economics released its findings on Monday. The results show that business confidence in Communist China has fallen from 51.8 in November to 48.1 in December, the lowest level since January 2013.
This is one of the first indicators that business activity in Communist China has been hit hard since December 7th, when the Chinese Communist Party (CCP) authorities suddenly announced the cancellation of the draconian Zero-Covid policy and the subsequent widespread outbreak of the epidemic across the country. The survey visually indicates that the growth of the CCP economy has slowed significantly and could be headed for recession by 2023.
In December, business activities in Communist China fell sharply, with the sales managers’ indexes for both manufacturing and services below 50. Also, according to the data provider, the percentage of companies affected by the current epidemic has risen to the highest point in the survey, with more than half of respondents reporting that their business has been affected.