Chaos in China: Apple & Amazon ABANDON Factories, Chinese Manufacturing Industry Bankrupt
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Mary
English
College Students
News Reporting
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Summary
China's manufacturing industry is facing a severe crisis due to rising labor costs, trade tensions, and the impact of the COVID-19 pandemic. Major companies like Apple and Samsung are relocating production to countries like India and Vietnam, leading to significant economic repercussions for China and a shift in global manufacturing dynamics.