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.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Taiwan Restores Anti-Communist Training for New Officers as China Threats Mount

ADDefense officials said the shift responds to Chinese Communist...

Trump Says Restraining Order Needed Against Meloni, Draws Reactions in Italy

U.S. President Donald Trump shared an image of Italian...

Kremlin Dismisses Claims Russia Plotting Armed Provocation in Poland

The Kremlin has dismissed reports in Western media that...

UK, Italy, Japan to Team Up to Create 6th-Generation Fighter Jet

The UK, Italy, and Japan have awarded a $6.14...