Exporting Companies In Communist China Are Closing As Orders Plunged

According to media reports, China’s inhumane pandemic prevention measures since the outbreak of the CCP virus, as well as the continued tension between the U.S. and Communist China, have led to a decline in foreign orders and a sharp drop in export shipments. Terminals in Shanghai, Guangzhou and other ports are now stacked with empty containers. And many Chinese companies are complaining that they have no orders to take, and some in Guangdong are even unable to pay bonuses because of reduced orders, triggering workers to protest and go on strike. China occupies nine of the top 30 ports in the world in terms of container throughput, including the top-ranked ports of Shanghai, Shenzhen, Guangzhou, Qingdao, Tianjin and Hong Kong. The Yangtze River Delta and the Pearl River Delta are traditionally the two most active regions for foreign and private factories in Communist China. But they are not immune to the fate of depression. A terminal worker in Shanghai port said in an interview: “The terminal is full of empty containers, and now many are piled up in another city of Taicang. This scene has not been seen for many years”. The situation is particularly worrisome in Zhejiang, Jiangsu and other coastal provinces, where most factories there rely on foreign exports to survive. Many of them were forced to lay off their staffs or almost went to bankruptcy because they did not receive enough orders during the zero-CCP virus policy earlier. Although the zero-CCP virus policy has been lifted, the irreversible trend of supply chain transfer and the on-going economic decoupling and reduced dependence on Communist China by Europe and the United States have made the looming of a huge economic crisis in Communist China inevitable. This will lead to tremendous social uncertainty in the larger environment of economic depression, inflation, and massive unemployment.

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Translator: NFSC News
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