China Faces Industry-Wide Depression; Public Despairs, Year-End Wage Protests Erupt
China Faces Industry-Wide Depression; Public Despairs, Year-End Wage Protests Erupt
Udumbara
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As the year-end approaches, regions across China are experiencing an unusual bleakness. Scenes of foreign companies withdrawing, factories shutting down, and commercial streets going bankrupt have become a daily reality rather than isolated incidents. This phenomenon highlights not just challenges within the retail sector but also signals broader signs of economic downturn.
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