China’s manufacturing sector has significantly shrunk under the weight of strict zero-COVID policies and declining international demand.
In November, exports, the main source of foreign exchange for the ruling communist regime, plummeted at a record rate year-on-year.
China’s total exports fell by 8.7 percent to $296.1 billion in November compared to November last year, the largest decline since March 2020, according to data released by China’s Bureau of Statistics.
China’s trade surplus also shrank to $69.8 billion in November from $85.1 billion in October.
Global Issues
Central banks in many countries have raised interest rates to curb inflation, which has also curbed demand from the general public….