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Bankruptcy Wave Spreads Across Multiple Industries, with Established Chinese Companies Collapsing One After Another.

On July 28, the Nanhai District Court of Foshan City, Guangdong Province, ruled that Foshan Guanjin Optoelectronic Technology Co., Ltd. was bankrupt and terminated its bankruptcy proceedings. (Image for illustrative purposes only.) (Miller/Getty Images)
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On July 28, the Nanhai District Court of Foshan City, Guangdong Province, ruled that Foshan Guanjin Optoelectronic Technology Co., Ltd. was bankrupt and terminated its bankruptcy proceedings. (Image for illustrative purposes only.) (Miller/Getty Images)

·New York, United States
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大纪元 Epoch Times broke the news in New York, United States on Monday, August 17, 2026.
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