Loading ...Manufacturing orders from China down 40% in unrelenting demand collapse
- U.S. manufacturing orders in China are down 40% in what a logistics manager described to CNBC as an unrelenting demand collapse.
- Asia-based shipping firm HLS recently told clients it is a “very bad time for the shipping industry.”
- China to U.S. container volume was down 21% between August and November.
- Chinese factories are shutting down two weeks earlier than usual ahead of Chinese New Year.
The Chinese Govt was able to use the strict Covid lockdowns to cover for the collapse in demand they knew was coming.