China's Economy Irrecoverable: Citizens Broke, Nationwide Industrial Slump, Factories Choked!
China's Economy Irrecoverable: Citizens Broke, Nationwide Industrial Slump, Factories Choked!
China's Economy Irrecoverable: Citizens Broke, Nationwide Industrial Slump, Factories Choked!
Chinese economy is beyond recovery, that the people have run out of money, and that various key industries nationwide are in a state of depression, with factories being directly, quote, “strangled to death".
The escalating downturn of the Chinese economy has now become a focal point of global concern. It serves as a warning bell for the world, with many Western entrepreneurs cautioning that China's slow recovery could potentially shock the global economy.
In a report released in late August, global market research and consultancy firm, Counterpoint Research, projected a year-on-year decline of 6% in the global mobile phone shipments for 2023, amounting to 1.15 billion units, marking a decade-low.
Counterpoint Research's senior analyst, Karm Chauhan noted that the significant dip in the global smartphone sales is largely attributed to the decreased purchasing volumes in China, plummeting from an annual peak of 450 million units to 270 million units.