Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Shenzhen Is Doomed, Dongguan Is Even Worse, Manufacturing Closures Sweep Through Guangdong" video.

  1. We have different definitions for what's a classy lassy vs a middle-aged lady haha, though, I fully agree with you. She's smart, wise and correct. I also liked the way she finished off her rant. It was a true statement, it was bold and it had a funny flair🤣🤣🤣😂😂😂😂😅😄
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  2. 👔 The garment industry in Guangzhou's Hawaii District is facing a downturn, resulting in decreased labor demands and depressing wages. 00:19 The persistent international industry migration has forced many foreign trade processing factories to shut down or relocate. The number of recruiting employers diminishes while the number of job seekers grows, depressing wages further. Some factories demand working 16 hours per day offering less than 2 US dollars per hour. 🏭 Many factories in Shenzhen and Dongguan are struggling and closing down due to the challenging economic environment. 04:53 Factories in Shenzhen are struggling to keep up with demand, leading to many closures. The Xinxiao industrial area in Shenzhen has seen numerous factories come and go, highlighting the difficult situation. Dongguan City is also facing challenges, with few factories hiring and many spaces available for rent. 💔 Thousands of manufacturing firms in Dongwan have shut down, with the manufacturing sector being hit the hardest. 09:12 Over 3,000 companies in Dongwan have closed between 2022 and 2023, with the manufacturing sector accounting for over 1,700 of these closures. Many factories in Dongwan have started giving employees extended unpaid holidays to cut costs due to the sharp decrease in orders. In Shenzhen, the cost of living is already high and many daily wage workers are struggling to find jobs, with some factories reducing hourly rates to as low as 12 or 13 Yen. 🌍 The decline in manufacturing sector in Guangdong due to the trade war and pandemic highlights the need for diversifying supply chains. 14:34 The trade war between the US and China has prompted Western corporations to relocate orders to other countries to avoid tariffs. Guangdong's foreign trade has been declining due to the relocation of processing and trading factories. The success of Guangdong's industrial upgrading strategy depends on the transfer of technology from developed countries. 🌍 The closure of Chinese factories due to the loss of international market orders is inevitable and irreversible, which will greatly impact China's foreign trade. 19:07 China mainly plays the role of producing and processing in the global supply chain, rather than providing products with Chinese branding. The current dip in foreign trade orders is the result of the CPTP mechanism, and if not reversed, China's foreign trade will become insignificant in five years. The goods China exports to the U.S. are often branded as American products, such as Apple phones, Dell computers, and Nike sportswear.
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  3. The lady at the end was smart, wise and correct. I also liked the way she finished off her rant. It was a true statement, it was bold and it had a funny flair🤣🤣🤣😂😂😂😂😅😄
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