Archived Job jitters mount as China's factories sputter ahead of Lunar New Year (reuters.com)
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Archived on: 4/19/2019 10:00:00 AM
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Archived Job jitters mount as China's factories sputter ahead of Lunar New Year (reuters.com)
submitted ago by not_drunk
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[–] derram ago
https://archive.ph/bHQWN :
'In November, the company warned the trade war between China and the United States would hit demand for container shipping as the volume of goods shipped slides. '
'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. '
'New orders were expected to fall by 30 percent if tariffs are increased to 25 percent in March, he added. '
'A recent Reuters visit to three once-thriving towns in Dongguan in Guangdong province showed clear signs of a slowdown. '
'But his euphoria over what he thought was an unexpected bonus quickly turned to despair when Maersk fired Wang on January 3, less than a month after he packed his bags in the southern Chinese manufacturing center of Dongguan. '
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