China came begging to the United States as thousands of Chinese business shuttered and failed each and every day over the last few weeks. 1,800 businesses (Shenzhen and Zhejiangclosed in major area of China this week alone. The impact on Chinese manufacturers has been profound. Factory activity contracted at its fastest pace in 16 months, with the official manufacturing Purchasing Managers’ Index (PMI) falling sharply. This downturn has resulted in widespread factory closures and job losses, particularly in provinces like Zhejiang, where over 50% of export companies are expected to halt production and take extended breaks. Worker protests have erupted in various regions as employees demand unpaid wages amid the economic strain. #China #Collapse
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