Chinese factory orders fell on lower U.S. demand.

(AFP)

[Financial Channel/Comprehensive Report] As inflation in the United States is still high, it weakens consumption and makes retailers’ inventories undigestible, further affecting Chinese factory orders. Demand has shrunk.

"CNBC" reported that China has relaxed epidemic prevention restrictions for 2 months, but exports have not yet rebounded sharply, especially non-essential consumer goods, such as toys and electronic products, have problems with excessive inventory and declining demand. Last year, China's exports to the United States Exports have barely grown, and the U.S. economy is expected to slow down further this year. Coupled with deteriorating relations between the two sides, China's factory orders may be significantly reduced, and some factories will be shut down for a longer period of time.

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Most factories in China are hiring fewer workers this year than last year due to sluggish demand.

In addition, according to statistics from the U.S. logistics data agency, the annual decrease of 20-foot containers shipped from Asia to the U.S. in December last year reached 23%, and has dropped by more than 20% for three consecutive months. People in the shipping industry believe that the economy may be difficult to recover in the short term.

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