Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Made in China is Done: No Order at Peak Season, Three Months Early for Annual Leave" video.

  1. The Economic Downturn in China: Job Losses, Factory Closures, and Early Annual Leave as Businesses Face Challenges 📦 Many people in China are returning to their hometowns early due to job losses, business failures, and a decrease in orders for factories. 00:00 Migrant workers and laid-off white-collar workers are heading back early. 00:00 Businesses in China are experiencing a decrease in orders and excess stock. 01:09 Factories are reducing production, ceasing operations, or shutting down. 01:26 Companies are requesting employees to take holidays earlier than usual. 01:38 Wool sweater companies are shutting down months before the holiday season. 02:22 Many factories in China have no orders and are giving workers an early holiday. 02:59 Some factories have already started their holidays. 03:10 📉 The video discusses the current economic downturn in China, leading to layoffs and factory closures. 03:30 Many small factories in Quinan are operating at a loss and workers are hoping for substantial severance packages. 03:30 The Urban Village in Hangu District, Guangjo, is surrounded by factories that are struggling and laying off workers. 04:06 The entire economy in China is depressed, with various industries struggling and construction sites being suspended. 04:50 Migrant workers are returning home due to lack of job opportunities, unpaid wages, and funding shortages on construction sites. 05:12 The building materials industry is also affected, with factories issuing early holiday notices and facing reduced demand and slim profits. 05:42 The Golden World Innovation Aluminum Company announced an unusually long holiday break of almost 5 months due to reduced demand and slim profits. 05:56 Overcapacity and insufficient market demand are causing steel plants to reduce prices and incur losses. 06:33 📉 Multiple factories in China are facing severe losses and shutting down, resulting in job losses and economic challenges. 07:20 Tiger Bond Hardware, a well-known Hong Kong funded enterprise, announced its closure due to severe losses and inability to sustain operations. 07:20 Dwan Sheli Industrial Company Limited, in business for 31 years, also announced its dissolution due to operational losses and accumulating debts. 08:25 Dongan Shao ding electrical appliances announced the complete shutdown of its molding factory due to decreased orders and operating at a loss. 08:56 Workers in foreign and Hong Kong funded enterprises generally receive compensation according to labor laws, but workers in Chinese funded enterprises often do not receive compensation and face wage rear. 09:27 Hshinga textile company, a leading cotton spinning enterprise, applied for restructuring due to its inability to clear debts and owed wages for 7 months. 10:00 Many textile factories in Sha county have closed, leading people to seek work in other regions. 10:12 💼 The economic downturn in China is affecting businesses, government agencies, and public institutions, leading to closures, unpaid wages, and financial challenges. 10:41 Many restaurant owners in the catering industry have lost their initial investments and are unable to pay their employees. 10:41 Government agencies and public institutions, including the transportation bureau, are also facing dire financial challenges and unpaid wages. 11:54 Civil servants in Jiangsu province are struggling to receive salaries, prompting the government to encourage them to start their own businesses. 12:31 China's economy, particularly the export sector, is showing signs of sluggish growth with a decline in exports for the sixth consecutive month. 13:04 The decline in exports is directly impacting employment and has led to some foreign trade enterprises being on holiday due to lack of orders. 13:31 😔 Due to a lack of orders, a factory in Shenzhen extended its holiday for employees until February 2024, indicating ongoing losses and struggles for businesses in China's economy. 13:55 The factory extended its holiday for employees until February 2024. 13:55 Some workers were reassigned while others were given holidays due to lack of orders. 14:08 The number of factories in Shenzhen is decreasing and it is becoming difficult to operate. 14:39 China experienced a deficit in foreign direct investment during the third quarter. 15:01 Western countries adopting de-risking measures against China may be related to the deficit. 15:07 China's economy is perceived to be deteriorating with declining exports and a real estate debt crisis. 15:26 Consumers lack confidence and are reluctant to spend, leading to a gloomy outlook for China's economy. 15:44
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