For decades, China has been the world’s manufacturing powerhouse, building its entire economy on the foundation of producing goods at unbeatable prices. This strategy has transformed China from an agricultural backwater into the world’s factory floor, with its share of global manufacturing output increasing from a mere 3% in 1990 to nearly 30% in 2023. However, the tide is turning, and China’s manufacturing empire is showing signs of collapse, threatening the livelihoods of millions of workers. The crisis is a result of the new wave of global tariffs, which has hit China like an economic tsunami. The US has imposed…
Economy / FinanceAsiaKey Videos
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