source:
https://www.mauldineconomics.com/frontlinethoughts/bull-in-the-china-shop
This might indicate something: The graph below shows an index of Chinese Internet searches for the word layoff. Notice where it is now compared to 2008 and other recent economic slowdowns.
LOL. The Chinese do not have “layoffs” like they have in the States. You are bound by contract. If there isn’t any work, the company is obligated to keep you on as “overhead” until the end of your contract.