Part 8/9:
The profound economic challenges are reflected in current statistics, revealing that Foran’s GDP growth has staggered during the first three quarters of 2024, marking only a 1.6% increase. This slow growth rate positions the city as one of the weakest performers among China's major cities. The stark reality contrasts sharply with a time just a few years ago when optimism and forward momentum were at their peak.
Industry leaders are apprehensive about further decline, as geopolitical tensions and uncertainties continue to loom. Observers note a shift from premium Western markets to less profitable opportunities, indicating troubling long-term prospects for the manufacturing landscape.