Part 6/9:
The dire state of the industrial sector inevitably has repercussions on labor. As companies face declining profits, cuts in hours and layoffs become increasingly likely. With job security waning, consumer confidence continues to dwindle, perpetuating a cycle of reduced spending and exacerbated economic woes.
Public sentiment seems to reflect growing apprehension; as workers perceive a slowdown, their willingness to spend diminishes, impacting not just China but also economies across the globe.