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Economic Environment Continues to Deteriorate; Dongguan Wuzhu Electronics to Close in June
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As China's economy continues to deteriorate and industrial chains relocate significantly, Dongguan Wuzhu Electronics and Wuzhu New Energy, with a registered capital of 350 million yuan, recently issued a bankruptcy announcement, declaring the immediate cessation of production and operations and the termination of all employee labor contracts. The announcement stated that due to changes in the market environment and unsuccessful investment strate…
·New York, United States
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