Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "No Orders, Factories Close, Bosses Flee, Leaving Thousands of Workers Demanding Unpaid Wages" video.

  1. ⚠ Factory shutdown in China leaves workers stranded, sparking protests. 00:00 Balu Footware Company Limited shut down its factory in China due to global impact and decreased orders, leading to dissatisfaction and protests among the affected workers. The company plans to relocate its operations to Indonesia, but the compensation for the workers will only be available after December 31st. Thousands of employees gathered outside the factory, with hundreds occupying the office space in protest. 💔 Workers in China are facing financial crisis and delayed wage payments, leading to protests and aggressive dispersal tactics by security personnel. 03:05 Factory orders have decreased, impacting economic prosperity in China. Construction workers are facing financial crisis and delayed wage payments, leading to protests and aggressive dispersal tactics by security personnel. Elderly workers in Shanghai have resorted to sleeping on the streets as a form of protest due to unpaid wages. 💰 The video discusses the financial insolvency faced by developers in China, leading to halted construction work and unpaid wages for migrant workers. 06:00 Financial insolvency leading to halted construction work and unpaid wages for migrant workers Reluctance of Construction Industries to pay wages due to delayed payments from local governments and state-owned Enterprises Owing wages to migrant workers becoming a norm in China, contributing to social instability ⚠ Chinese manufacturing PMI fell to 49.4% in November, below economist predictions, indicating contraction and a decline in factory activities. 08:52 Chinese manufacturing PMI fell to 49.4% Concerns about domestic market's inability to compensate for losses in Europe and the United States Contraction in the service sector for the first time in 12 months 📉 Chinese exports in November 2023 saw a year-on-year decrease, with concerns about the sustainability of the improvement. 12:19 Chinese exports in November 2023 decreased by 3.2% year-on-year, reaching $294.8 billion. Analysts express concerns about the sustainability of export growth and the need for China to rely on domestic demand for future economic growth.
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