China's Economic Slowdown Leads to $2 Trillion Inventory Glut
- Global factory inventories up 30% since 2019 as China's economy slows
- Industrial machinery among sectors hit hardest by falling demand
- China's slowing economy contributing to persistent inventory gluts
- Inventories totaled $2.12 trillion at end of September 2023
- Data based on tally of over 4,000 companies with comparable information