Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "A Staggering 80% Drop in Orders! China’s Foreign Trade Hits 30-Year Low, Logistics and Shipping Done" video.

  1. 😔 The speaker discusses the challenges they have faced in the foreign trade business this year, including a major client going bankrupt and a decline in orders. 00:07 The speaker's business has been operating at a loss since the beginning of the year. One of their major American clients has gone bankrupt, resulting in no orders. The speaker is struggling to find new clients and the monthly expenses are becoming unbearable. 📉 China's foreign trade sector is experiencing a significant decline, with a year-on-year decrease of 55% in revenue and a 74% decrease in net profit. 03:21 Revenue for the first three quarters reached 135 billion yen, down 5.7 billion yen year-on-year. Cargo volume dropped by 6% in the first three quarters, with the transpacific route experiencing a 10% decline. Both the transpacific and Asia Europe routes saw a substantial decline in revenue, falling nearly 70% year-on-year. 📉 China's exports have been declining for six consecutive months while imports have seen positive growth. 06:47 China's total import and export in October 2023 amounted to $493 billion, with exports down by 6.4% and imports up by 3%. The trade surplus of China narrowed by 31% to $56.5 billion. Foreign invested enterprises in China also experienced a significant downturn in import and export activities. 📉 China's export decline indicates suppressed global demand and the need for domestic growth drivers. 09:32 Media analysis suggests that the decline in Chinese exports could harm market confidence. Economists predict a continued decline in Chinese exports, bottoming out around mid next year. Chinese exports have been declining since May, with a consecutive 3-month decline. 📉 China's foreign trade is facing immense pressure due to factors like the pandemic, economic slowdown, and falling demand. 12:51 China's leading container manufacturer, CIMC, reported significant profit declines due to a decrease in shipping container production and accumulation in Chinese ports. The number of containers arriving at Chinese ports far exceeds those leaving, leading to a decline in shipping prices and revenue for CIMC. A slump in manufacturing export orders has resulted in a decline in demand for export maritime shipping, further impacting CIMC's revenue.
    1