US EditionGuangdong's Manufacturing Industry Is in a Cold Winter, and Well-Known Foreign Companies and Established Factories Have Announced Their Closure
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Against the backdrop of a sluggish global economy and a deteriorating international trade environment, Guangdong's manufacturing industry is facing a new round of bankruptcies. On June 30, a long-established lighting factory in Nanhai, Foshan, which focuses on export, and a well-known foreign-funded enterprise in Dongguan successively issued closure notices, announcing the termination of operations. Many interviewees said that the main orders of…
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