Slowdown of China’s Exports

coracle News

Sluggish global demand, market uncertainy from the Ukraine war, and Covid controls are creating challenges for China’s factories. As China’s economy struggles to recover, many factories in China’s manufacturing hub of Dongguan are scaling down or closing. In August, China’s exports to the United States fell for the first time in two years and manufacturers cut jobs for the fifth straight month, leaving many migrant workers unemployed.

China manufacturing: slowing export momentum, zero-Covid spell trouble for migrant workers, South China Morning Post, Sept 18, 2022. Accessed Sept 19, 2022.