China suffered from a wave of dismissal and social unrest, the reliability of the Government of Xi Jinping was checked

JAKARTA – China, The country, with the second largest economy in the world, is faced with a serious slowdown, which, according to many experts, can turn into a deep recession, accompanied by widespread social riots.

In the editorial article MaldivesSunday (07/13/2025), it was stated that the alarming combination of massage is terminated (PHK), a wave of bankruptcy of the company and a decrease in consumer confidence quickly undermined the foundation of the Chinese economy, which over the past few decades, known as the most sustainable global growth machine.

Over the years, the story of China’s growth has been a synonym for the middle class surge, mass industrialization and dominance as world production force. Nevertheless, cracks in the foundation are currently more and more noticeable, and the past few months demonstrate a structural vulnerability that is difficult to cover.

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More and more economists and analysts believe that China is currently on the verge of the most serious economic reductions in several decades – with a significant potential global impact.

Mass dismissal in various sectors

From a large production zone to Guangdun to the technological center in Shanghai and Beijing, companies from various sectors reduce labor on an unprecedented scale.

The technological sector, which was previously a symbol of China’s ambitions in the field of artificial intelligence and innovation, will currently suffer from uncertainty. Technological giants, such as Alibaba, Tencent and ByTedance, announced the settlement of large -scale employees last year.

However, the influence of dismissal goes far beyond the technological sector. Real estate industry – during this pillar of economic growth of China – has been freedom since the fall of large developers, such as Evergrande and Country Garden. The effect of this crisis makes thousands of people lose their jobs in the construction sector, real estate management and supply chains.

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Even a state-owned company, which was considered the most stable workplace, began to secretly cut work due to increasing financial pressure.

The production sector, called the “world factory”, also did not run away. The demand for the export of China is weakened in the midst of a slowdown in the global economy, geopolitical tension and the outcome of foreign investors in the southeastern Asia and India. Closing the plant and pruning of employees are currently a common occurrence in the main industrial areas.