Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Taiwanese Business Exit China | Kunshan: From World's Factory to Ghost Town | Everyone Has Left" video.

  1. 😢 Taiwanese businesses are withdrawing from Kunshan, causing worry among the local population. 00:00 Kunshan was known as 'Little Taipei' due to its high concentration of Taiwanese investment. Kunshan has been the strongest economic powerhouse at the county level in China, known as a 'world factory'. Taiwanese investments have contributed significantly to Kunshan's prosperity, but now there is a surge in Taiwanese businesses pulling out. 📉 Suzhou's economy is severely impacted by the withdrawal of Taiwanese businesses, leading to a significant decrease in GDP growth. 04:17 Suzhou's GDP increased by only 1.9% year-on-year in the first quarter, with the secondary industry shrinking by 0.7%. The value added of industries above designated size in Suzhou city decreased by 2.7% year-on-year. Suzhou fell from the sixth place to the seventh in the national GDP rankings for the first quarter, with the second-lowest year-on-year growth rate among the top ten cities. 😔 The economic downturn in China has led to joblessness and homelessness, particularly among young individuals in Kunshan. 07:37 Many young individuals are forced to sleep in the park due to lack of affordable accommodation. Taiwanese businesses pulling out of Kunshan has contributed to the job crisis. Kunshan's high GDP is powered by numerous foreign enterprises, including Taiwanese companies. 📉 Due to a decline in factory shipments and challenging business environment in mainland China, there are no job opportunities available currently, and Taiwanese factories are diverting orders to Vietnam and India. 10:39 No jobs available due to decline in factory shipments and performance. Shipment volumes in Q1 2023 decreased by at least a third compared to last year. Taiwanese factories are diverting orders to Vietnam and India due to geopolitical tensions. 😔 Li Mengju's experience of being labeled a spy and forced to confess highlights the lack of freedom and personal safety in China. 14:49 Li Mengju would not consider going to China again unless there were significant changes. Li Mengju's life and work were interrupted for four years after taking unauthorized military pictures. Li Mengju was unjustly labeled as a 'Taiwanese spy' and forced to make a critical video confession.
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