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. Share Tweet Share Whatsapp reddit Related 2022-12-05