Chinese Factories Collapse: 80% of Orders Gone, No Way to Survive on Domestic Sales!
The amount of orders cancelled is much greater than anticipated. It turns out that domestic orders are down since people are losing their jobs and much of the exports to other countries are also down as they are being impacted as well.
I would also point out the political situation in China is very different from the US. In China the people routinely put up with a lot more than we do but the expectation is that they have a solid security net for life. Losing jobs is seen as a much bigger violation of the social contract in China than in the US. In the US we don't expect our government to provide us with a job and we had an election where we got to choose our government. Those two things means there is less expectation and blame on the government if you lose your job. People will still protest and complain, but in China the threat is revolt.