Part 7/8:
Despite the dire messaging from factory floors, some voices suggest that the rate of factory closures and job losses could lead to a chaotic job market. The influx of skilled workers from the foreign trade sector into the domestic market raises concerns about oversaturation and conflict among workers struggling to secure their livelihoods.
Economists warn that the ongoing crisis may regress into severe economic conditions reminiscent of past decades, calling attention to a systemic breakdown of the trade framework that has historically sustained China’s growth. Observers note the precarious nature of relying on foreign trade as a backbone of economic stability, predicting it could lead to a collapse of employment rates and broader economic structures.