The sky fell overnight! Chinese factories are shutting down! The army of unemployed is overwhelming!

Trump is crazy, and so am I. The moulds for two new customers we have been negotiating with for half a year have been prepared. Several customers who place stable orders every month have informed us in the past few days that they will suspend production. This is the real dilemma facing factories after the imposition of tariffs. The sky is falling for those working in foreign trade now. Employees are forced to take holidays, and the ones who are affected are the grassroots people. All the physical stores there are closed and products cannot be sold. China's economy has been in decline for years, and even top-tier cities like Beijing, Shanghai, Guangzhou and Shenzhen are struggling. In Shanghai, once a symbol of prosperity, major commercial streets are now in decline. Business closures and salary cuts are common. The US-China tariff war has worsened the situation, hitting export-driven SMEs hard. Orders from the US have plunged, leaving goods piled up. As the May Day holiday nears, many companies are suspending operations. For example, our agricultural company, with over 100 million RMB in revenue, exports 3 million RMB worth of pumpkins to the US, about 10% of our export sales, which are now at risk. In the past two years, we split the rising tariff costs with US buyers to keep orders. Even when profits shrank, we accepted it. But this year's increase is too extreme. US orders have vanished. Over 20 tons of goods are stuck in our warehouse, with five more boxes arriving soon, plus 50 to 60 tons of saccharified products prepared for the US. Now we must seek new markets. At the recent Canton Fair, one of the world's biggest trade events, many exhibitors reported no US orders due to the tariffs. For us, 60 to 70% of business depends on US clients. It's no longer just about tariffs. It's a matter of survival. We're staying in close contact with buyers, hoping the situation changes. At the same time, we are also looking for new strategies, for example, whether to do re-export trade or how to sell the goods. The problem we are facing now is that we cannot sell the goods and we cannot get the money back. The situation is still very serious. This is the situation. The paragraph is mostly correct, but there are a few small grammatical and stylistic improvements I would suggest to make it clearer and more polished. Here's the revised version. Everyone is at a stalemate, and neither side is willing to give in. But in the end, it is us ordinary people who are the victims. It can be said that because factories have to feed people and people have to live, right? You can't ship your goods out, and you can't get your money back. How are you going to pay everyone's wages? This is the first question. Second, facing the problem of unemployment. It's over. It's over. There's no work to do. I'm on holiday starting today. I heard there's not a single order right now. I asked my leader and he said it would take at least three months. What should I do? Do we have to eat land for these three months? There are old people above and young people below. Some Chinese netizens like to call the United States the beautiful country because Mei means beautiful. I am in a bad mood today. I just heard from a client that a factory with more than 400 employees had to stop working due to the tariff attack from the United States. I saw that he was very tired, but he was still trying to find a way out. He even pretended to be relaxed and made a few jokes. To be honest, I couldn't be happy. They stopped accepting orders, shipping, and production two days ago. At the same time, the workers' wages were reduced to just living expenses. Those who wanted to stay stayed, and we waited together for a while. Those who didn't want to stay were asked to leave. He asked me to give him a cost list for opening a factory in the Middle East and arrange for a visit in May. What else can we do? We have to keep moving forward. The economy worsened in 2025. Real estate collapsed, shops closed, factories had no orders, and panic spread. Some hope June will bring change, but with no orders, even competition is pointless. A wave of unemployment is coming, but I can't say more or the video might be blocked. This is for those who think independently. I've been through many ups and downs before. In the past, hard work could lead to progress. But now, I feel lost. The worst thing isn't having no future. It's clearly seeing where it's headed. As for U.S. tariffs, their impact is shocking. I visited my friend's sofa factory in Shunde. In a huge facility, only a few warehouse staff remain. She said the factory shut down long ago, the daily cost was over 100,000 RMB, and she couldn't keep everyone. It was heartbreaking. Let me show you. These are all in stock. These are all sofas, and they were originally planned to be exported to the United States. This is just one floor. There are several floors upstairs and downstairs. All the employees are gone. They are all on holiday. There is no one in such a large factory. After several rounds of tit-for-tat tariffs between China and the United States, the United States imposed tariffs of at least 145% on all Chinese goods. This is equivalent to sentencing China's foreign trade to death, because China can only dump its foreign trade goods to other countries, and other countries do not have such a huge market purchasing power as the United States. In order to prevent a massive influx of Chinese goods, other countries will also impose high tariffs on Chinese goods for anti-dumping to protect their own industries. Do you think you will win the Sino-US trade war by not taking orders from the United States? Wrong. This is just a helpless act. Do you think you have lost only the American market? In fact, the fate of global trade has been rewritten. I can tell you without exaggeration that the US market is like the Pacific Ocean, while other markets are at best like Taihu Lake. The sea tide is about to recede. Who do you think will dry up first? Or did the water in the Pacific dry up first? The US-China trade war conflict comes at a time when China's economy is the weakest in decades, making the already bad Chinese economy even worse. Shanghai's former prosperity is gradually fading, and consumption is downgrading. In Shanghai's current situation, all large-scale companies like Tesla, Ping An, and Huawei are laying off employees and cutting salaries, not to mention smaller companies, where the bosses themselves are having difficulties. Now, many companies have even begun to delay salary payments. Shops on the street are everywhere for rent or transfer. The number of people who can make a lot of money under the current conditions in Shanghai is really decreasing. For ordinary office workers, many people have to rely on credit cards and online loans to make a living, and they can't earn much money after working hard for a month. It is even more difficult for people who have bought houses. Even if they work hard to earn money, it is still not enough to pay off the mortgage. To put it nicely, the current economic situation is characterized by reduced consumption, but to put it bluntly, it means that everyone has no money in their pockets. Nowadays, young people can't even afford to lose money, let alone save it. This is the current situation for young people in Shanghai. Man said, the economy is really bad now. At 12 o'clock noon, there is only one table of customers in such a big restaurant. My god, today is Sunday. How can it be so bad? I came here two years ago during the epidemic. There was a table with a cubicle between each other, and they were all full. How come the attendance is so poor now that the epidemic is over? Woman, yes, what does it mean? Man, it means it's hard to make money now, so I don't dare to eat anymore. How do you think consumption can increase? How can we revitalize consumption? How can we boost domestic demand? Woman, it is impossible to promote consumption. The three famous commercial streets in Shanghai usually refer to Nanjing Road, Huaihai Road, and North Sichuan Road. These streets are famous for their bustling commercial activities and long history, attracting a large number of tourists and local residents. But now, they are deserted. North Sichuan Road was once one of the three major shopping streets in Shanghai, and its popularity was no less than that of Nanjing Road and Huaihai Road. It is really hard to imagine that North Sichuan Road has become so desolate today. The masses cinema, which was once crowded with people in its heyday, has now become a small grocery market where only elderly people from the neighborhood occasionally come to shop. The four former department stores, Spring Department Store, Seventh Department Store, Fuhai Shopping Center, and Dongbao Department Store, have all been closed. Zhihu Hotel, which used to be a time-honored state-owned restaurant where it was difficult to get a table, now only has one old building left. Welcome to China Truths. In this episode, we will bring you the following story. Many banks in China set limits on fund transfers. Now, let's dive into the details. It's all covered in today's China Truths. Many banks in China set limits on fund transfers. In recent years, China's economy has been on a downward trend, and the banking industry has been severely impacted by the real estate crisis. Recently, many bank branches in China have faced issues with withdrawals, causing dissatisfaction among account holders. Many users believe that the reduction in bank card transfer limits is a deliberate attempt by banks to restrict funds from flowing out. According to a report by Beik Finance from the Beijing News, several bank card users have reported that their cards were limited without their knowledge. Many of these users tried to raise their transfer limits by visiting bank branches, but some simply gave up using the card altogether. Since the second half of this year, many banks have announced adjustments to the transfer limits for non-counter transactions on personal current accounts. These users mention banks like Bank of China, China Construction Bank, Agricultural Bank of China, and Jiangxi Bank among the institutions having done so. Regarding the reduction in bank card transfer limits, many users believe this is an intentional attempt by the banks to prevent funds from leaving their system. However, bank personnel have explained that this measure is mainly aimed at preventing telegraphic transfer fraud. Nevertheless, bank card users have expressed frustration, saying they were unaware of the limit changes. The bank did not send an SMS notification, has been a common complaint. One user, Li Yun, a pseudonym used for her security and safety, said she was shocked when her bank account for receiving salaries suddenly had a transfer limit imposed. In July of this year, she planned to withdraw a reimbursement amount of about several thousand yuan from Bank of China, but she was unable to either transfer the money or withdraw it from an ATM, as it exceeded the daily transfer limit. What surprised Li Yun even more was that another account she used to pay her mortgage, a Jiangxi Bank Class 1 card, was also limited in July and August. She had used both cards for many years for small purchases, and neither card had ever had withdrawal or transfer limits set. Both banks unilaterally adjusted the mobile transfer limits on her cards to a daily cap of 2,000 yuan or 276 US dollars, without notifying her. Li Yun explained, Bank of China staff originally told me I could go to any branch with my ID card to adjust the limit, but when I arrived at a nearby branch, I was told I needed to go to the branch where the account was opened. She faced further complications as the account opening branch was closed that day, and it took a month for her to successfully raise the limit. According to a report by Shanghai Broadcasting Television Station on November 14, some bank card users have said their transfer limits were reduced without their knowledge, with some even unable to transfer as little as 1,000 yuan or about 138 US dollars. These customers believe that the banks are limiting non-counter transactions to prevent money from flowing out. In January of this year, Jiupai News reported that a woman in Pingdingshan, Hunan Province, had difficulty withdrawing money from a bank when her sister tried to transfer 5,000 yuan to her as a New Year gift. The staff initially suggested downloading an anti-fraud app, which seemed responsible, but later began asking inappropriate questions about her sister's workplace, previous jobs, and even demanded proof that they were sisters. Eventually, only after about two hours and police intervention, she was able to withdraw the money. In a similar incident, according to Poster News, a woman in Jiangxi Province posted on a social platform, saying that when she went to the bank to deposit 100,000 yuan into a timed deposit, the staff asked where the money had come from. She was surprised, saying, Why does it matter where the money came from? Just process it as I said. She felt as though they were treating her as if the money had been stolen. The staff explained that it was the bank's policy. In response to these issues, some netizens commented, The banking system really needs to be properly reformed. The service attitude is extremely inconsistent. When you deposit money, you're treated like a VIP, but when you withdraw, you're treated like a beggar. The leakage of personal information can't be said to have nothing to do with them, because the information we leave with the bank is quite accurate, and the moral standards of employees should really be better assessed.