Breaking! $173 Billion in Foreign Capital Flees China, Honda Shuts 2 Factories Overnight
Breaking! $173 Billion in Foreign Capital Flees China, Honda Shuts 2 Factories Overnight
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On April 17, Japan’s Tōyō Keizai reported exclusively that Honda, Japan's second-largest automaker, has decided to shut down its two gasoline vehicle factories in Guangzhou and Wuhan due to persistent poor sales in the Chinese market. The news quickly sparked heated discussions in the automotive community and on social media.
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