0.3 C
Ottawa
Sunday, December 21, 2025

Debt, Closures, and Despair Sweep China’s East

Date:

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.

About the author: Olivia Li
Tell us something about yourself.
spot_imgspot_imgspot_img

Share post:

More like this
Related

Half a Million People Signed This PetitionWhats It About?

More than half a million people worldwide have signed...

TikTok Signs Deal With US Investors to Form Data Security Joint Venture

The TikTok logo is placed on a U.S. flag...

US Drops Uganda Deportation Bid for Man Who Filmed Chinas Uyghur Prison Camps

An alleged detention facility in northwestern Xinjiang region, China,...

Voting Under Fire: Zelenskyy Weighs Elections in Ukraine, but Wartime Obstacles Remain

Zelenskyy’s five-year term as president was due to end...