Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Canton Fair Crisis: 80% Drop in EU/US Buyers - Exhibitors in Tears: No Orders, No Hope!" video.

  1. 😔 The carpet stall at the exhibition hall is unusually quiet, with a decline in customers and export volume, causing pressure and shrinking profits. 00:01 The exhibition hall is deserted despite a crowd outside. More than 80% of customers are from Asia, Africa, and Latin America. There is a noticeable decline in export volume and shrinking profits. 💥 China's declining exports to the European Union and the United States are causing economic hardship and factory layoffs. 03:25 China's exports to the European Union fell by 10.6% and exports to the United States decreased by 16.4% in the first 9 months of 2023. Stacked containers at the busiest port in China indicate a decrease in foreign orders and factory layoffs. Some small Home Appliance factories in China are finding opportunities in countries like Vietnam. 📉 Foreign direct investment in China has significantly declined, indicating a deteriorating situation for foreign investment. 06:52 Foreign direct investment in September was down 5.1% year on year, dragging down cumulative figures. Second-quarter direct investment liability was $6.7 billion, the lowest level since 2000. Foreign companies are repatriating their profits instead of reinvesting in China. 🛂 A US citizen working for a pharmaceutical company had his passport confiscated and was detained for 20 minutes when entering Hong Kong, raising concerns about China's authority under various laws. 10:10 Mr drun's passport was confiscated and he was detained for 20 minutes when entering Hong Kong. China has the authority to do whatever it wants under laws like the National Security Law and Foreign Relations law. The incident creates psychological pressure for those who have to travel to China. 🌍 Foreign visitors face numerous challenges in China, including difficulties with digital payments and obtaining necessary documents. 13:22 Foreign visitors had difficulty paying for a taxi ride due to lack of digital payment options. Opening a Chinese bank account and obtaining a local phone number were necessary for digital payments. Many business hotels in China refuse customers with foreign passports unless they have registered with the Public Security Bureau.
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