Chinese factories slow production, workers sent home, and global exports face unforeseen troubles

Source Cryptopolitan

Factories across China are scaling back operations, sending workers home, and halting production lines as US tariffs imposed by President Donald Trump squeeze Chinese exports. The slowdown has reportedly spread across multiple provinces but is straining industrial towns the most.

In provinces such as Guangdong, Zhejiang, and Fujian, factories are going quiet. Reports from factory workers, managers, and recruitment agents cited by the Financial Times claim that plants producing goods like plastic moulds, toy parts, shoe soles, and electrical appliances have stopped overtime, canceled weekend shifts, and, in some cases, shut down for weeks.

An anonymous worker at a plastics factory in Fujian said operations stopped for a week because export orders vanished. 

“Our export orders disappeared, so we’ve temporarily stopped,” she explained.

Similarly, a 26-year-old toy factory worker in Zhejiang confirmed his employer had granted a two-week leave. “It’s not easy at the moment,” they complained.

Tariffs cause declines in US-bound shipments

The US is now imposing tariffs as high as 145% on most Chinese imports, which has supposedly caused demand from American clients to dry up. According to customs data, the US accounted for approximately 15% of all Chinese exports last year.

At DeHong Electrical Products in Dongguan, workers were given a month off on minimum wage. A notice from the company told employees there was “significant near-term pressure” and confirmed that several American clients had paused their orders.

In Hangzhou, Stellarmed, a producer of endoscopy kits for the US medical market, told workers to use the remainder of April to find new jobs. The company also provided access to a headhunting agency, uncertain about staying in business in the foreseeable future.

A manager at Ningbo Taiyun Electric said production was halted on April 12, though the company has since resumed partial output for European orders. 

“We still have some orders from Europe, we’re trying to get more,” said the manager. “Hopefully, the US will change its policies.”

Han Dongfang, founder of the China Labour Bulletin, said the factory furloughs place industries in a transformation period that could see factories closed and employees lose jobs. 

“The rearrangement of China’s manufacturing sector will be a long-term process, and workers will be sacrificed,” he said.

Recruiters in Guangdong said only the most US-dependent factories were shuttering completely, but many more were reducing hours. Factories like Dongguan Yuanguan Technology, which once ran overtime and weekend shifts, are now open for a few hours in a business week, and hiring freezes are now common.

Local governments step in

Some Chinese cities, like technology and export hub Shenzhen and Dongguan, announced last week they would issue a support package to manufacturers to cover the dent left by broken supply chains. 

While exports suffer, China wants to reduce its reliance on oil imports. According to Bloomberg, Beijing is investing heavily in domestic oil production. The country now rivals Iraq as one of the top five oil-producing nations globally, trailing only the US, Saudi Arabia, Russia, and Canada.

Last year, China imported more oil from the US than any nation besides the Netherlands, which refines oil for European customers. However, as Chinese state-owned oil giants invest nearly $80 billion annually in new wells and facilities, the country is rapidly reducing its dependence on foreign suppliers.

WTI crude oil futures held steady near $62 per barrel on Thursday after falling more than 2% the previous day. Markets reacted more positively to news of a potential increase in OPEC+ output. 

Sources suggest that several OPEC+ nations will likely push for a second straight month of accelerated production hikes in June. Meanwhile, Kazakhstan, an alliance partner, has announced it will not reduce output at its major oil fields or make any coordinated cuts.

Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - November 11, 2026Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.
Author  Mitrade
Nov 11, Wed
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.
placeholder
Bitcoin lost its 200-day average — but the exit started three sessions before the CPIBitcoin fell 2.5% to about $73,400 on 11 November, an 11-week low, breaking its 200-day moving average near $73,100. The 24-hour liquidation tally reached $632 to $705 million, roughly 82% of it longs. But spot ETF outflows began three sessions earlier and USDT's market cap has shrunk $6.6 billion in 60 days — the leveraged length left before the inflation print did. A double top at 81,890 and 81,080 leaves a measured target of 69,366.
Author  Suzie
Nov 11, Wed
Bitcoin fell 2.5% to about $73,400 on 11 November, an 11-week low, breaking its 200-day moving average near $73,100. The 24-hour liquidation tally reached $632 to $705 million, roughly 82% of it longs. But spot ETF outflows began three sessions earlier and USDT's market cap has shrunk $6.6 billion in 60 days — the leveraged length left before the inflation print did. A double top at 81,890 and 81,080 leaves a measured target of 69,366.
placeholder
Gold Extends Slide Below $4,000 as Rising US Inflation, Fed December Hike Bets Pressure Prices On November 12, gold prices (XAUUSD) extended their recent losses, falling further below $4,000 in early Asian trading to hit an intraday low near $3,968, marking a third consecutive day
Author  TradingKey
Yesterday 02: 00
On November 12, gold prices (XAUUSD) extended their recent losses, falling further below $4,000 in early Asian trading to hit an intraday low near $3,968, marking a third consecutive day
placeholder
Nvidia slid 7.7% after hours while AMD and Broadcom rose — the AI trade changed hands, it didn't breakNvidia closed Wednesday at 173.73, up 2.87%, then fell as much as 8.1% to 159.44 after reports that its board was preparing for a possible leadership change. The same session, the Philadelphia Semiconductor Index rose 5.7% with all 30 components higher, CoreWeave jumped 24.7% on 168% revenue growth, and Micron added 11.9%. If AI demand were being repriced, AMD and Broadcom would not be bid. This is a governance discount on one name, and 204.54 — the 200-day average — is the level that settles it.
Author  Irene Q.
Yesterday 02: 45
Nvidia closed Wednesday at 173.73, up 2.87%, then fell as much as 8.1% to 159.44 after reports that its board was preparing for a possible leadership change. The same session, the Philadelphia Semiconductor Index rose 5.7% with all 30 components higher, CoreWeave jumped 24.7% on 168% revenue growth, and Micron added 11.9%. If AI demand were being repriced, AMD and Broadcom would not be bid. This is a governance discount on one name, and 204.54 — the 200-day average — is the level that settles it.
placeholder
Gold closed below $4,000 again — the ETF crowd and central banks stayed, the momentum money leftSpot gold is trading near $3,999, its third consecutive lower daily low, after a 5.00% 10-year yield and a 102.85 dollar index raised the odds of a December hike to 87%. But the selling is not coming from the strategic holders: managed-money net longs fell to 324 tonnes, a 21-week low, and Goldman Sachs attributes roughly 95% of five weeks of selling to non-reportable positions. ETFs still hold a record 4,256 tonnes and central banks bought 321 tonnes in Q3. The table below sets the triggers, directions and levels.
Author  Irene Q.
Yesterday 03: 20
Spot gold is trading near $3,999, its third consecutive lower daily low, after a 5.00% 10-year yield and a 102.85 dollar index raised the odds of a December hike to 87%. But the selling is not coming from the strategic holders: managed-money net longs fell to 324 tonnes, a 21-week low, and Goldman Sachs attributes roughly 95% of five weeks of selling to non-reportable positions. ETFs still hold a record 4,256 tonnes and central banks bought 321 tonnes in Q3. The table below sets the triggers, directions and levels.
goTop
quote