Chinese Garment Factories Close en Masse: Most Won’t Survive This Winter
Chinese Garment Factories Close en Masse: Most Won’t Survive This Winter
Udumbara
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China’s worsening economy has hit small businesses particularly hard. Recently, online reports revealed that in just one month, 26 clothing factory owners in Xucun Town in Zhejiang Province, fled their operations. Industry insiders are expressing deep concern, lamenting the grim outlook and warning that the situation is growing increasingly severe.
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