Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Dongguan Is Finished, No Longer World’s Factory! 3 Large Manufacturers Sequentially Close In 20 Days" video.

  1. "The Decline of Dongguan's Manufacturing Industry: Three Big Factories Close in 20 Days, Impact on Local Economy and Employment" 🏭 The decline of manufacturing industry in Dongguan, China. 00:00 Dongguan's manufacturing industry is undergoing a massive transformation, with many factories standing deserted and shut down. 00:00 The economic rise and fall of Dongguan is largely attributed to its heavy reliance on foreign trade and foreign investments. 00:38 Large contract factories like Foxconn and major electronic, shoe, and garment manufacturing plants have either relocated or shut down in Dongguan. 01:01 Recent closures of well-established factories in Dongguan due to plummeting orders, financial deficits, and operational losses. 02:02 The closures include Jung Shing electrical appliances, Shaming industrial, and Hbang metal and plastic products Co LTD. 02:10 These closures have led to unpaid employee wages and the decline of Dongguan's manufacturing industry. 03:02 Dongguan's once vibrant manufacturing hub is now facing economic decline and challenges. 03:43 📉 The video discusses the closure of three large factories in China and the challenges faced by small and foreign trade factories due to economic downturn and international conflicts. 03:58 Three large factories in China ceased production from October 31st to November 20th, 2023. 03:58 The closure indicates economic decoupling between China and Western countries, leading to distrust and challenges for small and foreign trade factories. 04:36 Business owners express concern about survival due to shrinking domestic market and worsening economic situation. 04:57 Factory workers are experiencing idled machines, lack of work, and reduced export orders, leading to potential closures. 05:46 The global economy has been significantly impacted, leading to closures primarily among low-end manufacturing. 06:44 💔 The decline of manufacturing factories in Dongwan and the impact on the local economy and employment. 07:06 Thousands of businesses in Dongwan shut down in 2022, with a wave of closures continuing into 2023. 07:06 Several long-established factories, including Alco Electronics and U Shoe Factory, announced closures due to losses and dwindling orders. 07:31 The chairman of Alco Group ended his own life after facing substantial losses. 09:19 U Shoe Factory, once a major player in the global shoe industry, gradually declined since 2012. 10:05 📉 The decline of manufacturing in Dongan, China, leading to factory closures and economic impact on surrounding industries. 10:47 Dongan's manufacturing industry has experienced a gradual decline, with many factories closing or relocating. 10:47 China's export numbers have decreased, particularly in processing trade, indicating a downward trend. 11:24 Industry insiders predict a significant number of factory closures in the near future. 11:41 Many factories are struggling to survive, leading to reduced workforce and early Chinese New Year holidays. 12:24 The closure of large factories has impacted surrounding service and retail industries, leading to closures and reduced business. 13:03 The departure of workers from the factories has severely impacted the catering and retail industries in Dongan. 13:10 The industrial decline has led to a quiet and struggling business environment in the area, with many storefronts closing down. 13:38 💔 The decline of Dongan's manufacturing industry and the reasons behind it. 14:22 Decline in orders due to US-China trade war and shifts in industrial chains in European and American countries 14:22 Withdrawal of foreign investment, especially Taiwanese businesses, due to geopolitical influences 14:45 Rising costs, including rent and wages, leading to higher production costs and reduced profits for factories 15:02 Market competition from manufacturing industries in Vietnam, Southeast Asia, and India intensifying pressure on Dongan's factories 15:25 Industrial upgrading policies in Guangdong Province leading to closure or relocation of some businesses unable to adapt 15:41 Gradual economic decoupling between Western countries and China as a significant irreversible trend 15:56 Dongan's transformation from a world-renowned manufacturing hub to a desolate area with dilapidated factories and empty streets 16:04
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