Part 5/9:
The internal dilemmas plaguing China are compounded by an alarming lack of external demand. As China's reliance on exports dwindles, industrial profits dip further, raising fears of a cascading effect on domestic employment levels. The once-expected rebound from Western economies has failed to materialize, with consumers across the globe tightening their belts amid rising uncertainty, further creating a vacuum for Chinese goods.
In a world grappling with inflation and demand fluctuations, it is evident that external markets are not absorbing China’s surplus production. This unfurling crisis, coupled with reports of sustained global economic weakness, adds further stress to an already strained manufacturing base.