Part 5/9:
April 2025 brought significant turmoil for China's manufacturing sector, largely due to the Trump administration's imposition of steep tariffs. Export orders dwindled, forcing many businesses to shut down permanently as the international trade landscape changed dramatically. The National Bureau of Statistics in China recorded an alarming decline in the manufacturing purchasing managers index, signaling a severe contraction in the sector.
As the tariffs took effect, many Chinese manufacturers faced an immediate and drastic drop in orders. This has contributed to a rising unemployment rate, with predictions suggesting an upcoming spike that could see millions suddenly out of work.