Manufacturing orders from China down 40% in unrelenting demand collapse
- U.S. manufacturing orders in China are down 40% in what a logistics manager described to CNBC as an unrelenting demand collapse.
- Asia-based shipping firm HLS recently told clients it is a “very bad time for the shipping industry.”
- China to U.S. container volume was down 21% between August and November.
- Chinese factories are shutting down two weeks earlier than usual ahead of Chinese New Year.