Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "China's Traders and Shippers in Tears: Exports Plunge as World Rejects China’s Goods" video.

  1. 😔 The foreign trade situation has changed, with a client switching to a cheaper factory in Vietnam due to lower tariffs, resulting in a slump for freight forwarders. 00:22 Freight forwarders are experiencing a significant decrease in business due to a decline in export orders. Shipping costs have been high in the past due to high demand, but now they are decreasing as the overall situation worsens. The cost of container shipping is a reflection of the current state of the economy and trade. 📉 Chinese enterprises are closing down or relocating to Southeast Asia due to regulatory violations and supply chain shifts, resulting in a massive outflow of industries and a decline in China's exports and imports. 03:30 China's total goods trade value in the first 10 months decreased by 6% year-on-year, with exports down by 5.6% and imports by 6.5%. China's largest trade partner, Asen, experienced a 5% decrease in bilateral trade value, followed by the European Union with a 7.5% decrease, and the US with a 13.3% decrease. China's trade values with major partners, including Taiwan, South Korea, the Philippines, New Zealand, Japan, the Netherlands, and Germany, have significantly dropped. 📉 Chinese exports continue to decline, with a 6.2% decrease in trade volume for May. 06:25 Exports for May declined by 6.2% to 284 billion, while imports decreased by 4.5% to 218 billion. The decline in Chinese exports has been ongoing since October last year, with a significant drop in May. The surge in exports in March and April was attributed to backlog orders and low export volumes from the previous year, but this trend reversed in May due to decreasing overseas demand. 💼 China's exports to the EU and US have declined, while trade with Aien has grown significantly, but with minimal profits compared to Europe and America. 10:26 China is facing internal deflation and a decline in foreign investment. Experts believe that deflation after the pandemic exposes structural problems in China's economy. China's weak demand contrasts with the continuous inflation in the US and Western countries. 📉 China's anti-espionage law raises concerns in the business community, weakening investor confidence and leading to authoritarian measures. 13:04 China has ordered economists not to report excessively alarming news, especially regarding currency tightening. Chinese officials deny deflation in the current and future Chinese economy, citing recovering market demand and improving supply-demand relations. China's weak exports require reliance on domestic growth sources for economic development, posing a challenge.
    1