That’s A Shame: China’s Manufacturing Industry Collapsing

  • China’s manufacturing sector has been battered by multiple factors over the past two years, and is rapidly collapsing.
  • The World Bank reported that China’s gross domestic product had been expanding at an average of 9% since the country reformed its economy more than four decades ago.
  • Over the past two years, however, the ruling Chinese Communist Party has been among the most zealous enforcers of COVID-19 lockdown policies on the planet.
  • Quarantines have created unpredictable supply chain shocks.
  • One result: American manufacturing orders from China have plummeted as much as 40%, according to data from the CNBC Supply Chain Heat Map.
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