China’s Yangtze Delta Economy Collapses, With Factory Closures and Billionaires Sinking Into Debt
China’s Yangtze Delta Economy Collapses, With Factory Closures and Billionaires Sinking Into Debt
Udumbara
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China's economy is still facing significant challenges, with private businesses in the Yangtze River Delta hit by an unprecedented wave of bankruptcies. Business owners in regions like Zhejiang and Jiangsu are grappling with canceled orders, a collapsed housing market, and mounting debts, all of which have pushed them to the brink of bankruptcy.
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