2/3 factories r leaving plus 90% JP factories surely will leave, million Cnese still no job from lunar new year till now. CN rely deeply on service sector...but its just dead due to Covid.wow, actually CN is even worse than Soviet cos at least Soviet still could sell Oil till collapse.
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A quarter of those affected have cut jobs, 37 percent have moved production out of China in the past 12 months, while 33 percent plan to move in the next 6-12 months.
China’s giant manufacturing sector was already under pressure from rising labor costs, tighter regulations and a shift towards higher-end production and domestic consumption.
But the risk of more and higher U.S. tariffs on Chinese goods has seen the trend rapidly accelerate as more companies look to move supply chains away from China.
https://www.reuters.com/article/us-...sputter-ahead-of-lunar-new-year-idUSKCN1PB2WO