Lawrence Person's BattleSwarm Blog 4/27/2024
It turns out that unleashing a deadly engineered plague on the world, bellicose posturing, currency manipulation, intellectual property theft, treaty breaking, and genocidal actions against ethnic minorities isn’t a recipe for winning friends and influencing people.
Who knew?
Evidently not Xi Jingping, as under his leadership, it looks like some 90% of Chinese factories will close due to lack of business.
• “My factory closed down, ended up losing over 10 million.” I’m assuming that’s Yuan.
• “China continues to face a harsh winter, with reportedly 90% of factories either closing down or falling into difficulties.”
• Factories that has been in business and profitable for 15 years got walloped by Flu Manchu in 2020. “After the outbreak, the factory started and stopped production intermittently, basically losing money for a year. Unexpectedly, the following three years were worse.”
• “At the start of the year, there were almost no new orders. The old customers who used to order every month also significantly reduced their orders. The entire industry had fewer orders than during the 3 years of the epidemic.”
• This lead to “severe competition within the industry this year to get orders. Besides low profits, customers also demanded goods to be made before payment.”
• “In the second half of 2023, he was basically just chasing payments. Many customers were withholding final payments, and his factory had long run out of operational funds. During this period, he had already mortgaged his house in Shinjin for business loans. For these three years, his factory had been barely surviving on loans, and he didn’t know when it would all end. Recently he’s been exhausted, so he decided to shut” everything down.
More:
https://www.battleswarmblog.com/?p=57882https://www.youtube.com/watch?v=A0FyqCEfD0E
