Debt, Closures, and Despair Sweep China’s East

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China’s ongoing economic downturn is taking a heavy toll on private enterprises in the eastern coastal region, which was once considered the driving force behind the country’s economic rise.

Many business owners have shared on social media or in interviews that they are overwhelmed by debt amid a steep drop in orders. Some have already shut down their businesses and held farewell meals with employees. A few have even openly expressed thoughts of suicide.

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