China’s Manufacturing Heartland Tested by Iran War Energy Shock As the world grapples with the aftermath of the Iran war, China's manufacturing heartland is facing a crisis that threatens to upend its supply chains and cripple its economy.
The energy shockwaves generated by the conflict have sent oil prices soaring, forcing Chinese manufacturers to seek alternative sources of fuel. The impact on workers is severe.
Production slowdowns are causing layoffs and reduced working hours, leaving thousands of migrant laborers in Jiangsu and Zhejiang without a steady income.