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Businesses Across China Close to Avoid Penalties; Analysis Suggests This Is a Disguised Form of Financial Exploitation by the Chinese Communist Party.
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As the Central Committee of the Communist Party of China's safety production inspection teams successively arrived in various provinces, a nationwide official crackdown, ostensibly focused on 3C safety certification, unfolded. Violators faced fines ranging from 50,000 to 200,000 yuan, leading to widespread business closures and a growing sense of unease among merchants, further fueling market pessimism. Several interviewed merchants told this ne…
·New York, United States
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