Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "No More Foreign Orders, as the Global Supply Chain Exits: The End of ‘Made in China’ Has Come" video.

  1. 📉 China's manufacturing sector is experiencing a significant decline in orders for the American holiday shopping season. 00:18 Orders for gift box manufacturer Brothers Box have sharply dropped, impacting their peak shipping season. The Nikkei Asian Review reports that Dongguan is also facing similar challenges. Dongguan suppliers have not initiated hiring drives and have maintained low wages. 📉 The city of Dongguan in China is experiencing a decline in economic activity due to a shift in global manufacturing trends. 02:32 The once-vibrant city of Dongguan is now desolate, with empty bus and train stations and vacant shops. Over half of U.S. companies have shifted their production from China to Southeast Asia and India, with Japan and South Korea following this trend. Dell, the world's third-largest computer corporation, will no longer produce chips in China by 2024. 📉 China's prominence in the global supply chain might diminish due to lower production costs in the US, technological advancements, and increased complexities for foreign entrepreneurs. 04:45 US production costs were 5 percent lower than in China, including costs for land, logistics, financing, taxation, electricity, and natural gas. Technological advancements in automation and robotics are amplifying the cost advantages of Western nations. Foreign entries in China declined to 50,000 in the first quarter of this year due to increased complexities and surveillance. 📊 China's working population is under significant strain due to a high ratio of workers supporting dependents, eroding incomes, and declining birth rates. 06:58 China's working population of 740 million includes 60 million in non-economic roles, leaving only 680 million contributing to the economy. Each active worker in China supports approximately 2.09 individuals, a higher ratio compared to countries like India, Pakistan, and Myanmar. The strain on China's working population is evident in escalating family responsibilities, eroding incomes, declining purchasing power, and a drop in birth rates from 9 million to 7 million. ⚠ China is facing a significant political and social crisis with a declining economy, unemployment, and loss of trust in its systems. 09:29 China's economic trajectory has been waning post-pandemic, with skyrocketing unemployment, private sector insolvencies, and foreign capital flight. Trust in China's systems has dried up, and common ground has crumbled, leading to a looming political tempest. A sweeping push for nationalization under Xi Jinping's leadership has alienated the middle class, entrepreneurs, and the youth, eroding faith in the governing body.
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