Made in China is Done: No Order at Peak Season, Three Months Early for Annual Leave

In November of previous years, many businesses experienced their peak production season. This was especially true for the foreign trade industry, which was particularly busy fulfilling a large volume of export orders ahead of Christmas. However, this year presents a stark contrast. Due to an excess of stock and a decrease in orders, a significant number of factories in China have reduced production, ceased operations, or even closed down. With over three months remaining until the Chinese New Year, a trend of returning to hometowns has already emerged in many major cities. Additionally, social media platforms in mainland China, such as Weibo and Douyin, are continually broadcasting notifications from companies unexpectedly requesting their employees to take holidays. #chinaeconomy #chinaobserver All rights reserved.