China's manufacturing demand PLUMMETS 40% 📉 #shorts

A logistics manager described the 40% decline in US manufacturing orders in China to CNBC as a "relentless collapse in demand."

HLS, an Asia-based shipping company, has informed clients that "this is an extremely difficult period for the shipping sector."

The volume of containers shipped from China to the United States decreased by 21% between August and November.

Two weeks earlier than usual, Chinese factories are now closing ahead of the Chinese New Year.

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#manufacturing #china #imports

Source:
https://www.cnbc.com/2022/12/04/manufacturing-orders-from-china-down-40percent-in-demand-collapse.html

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