“Made in China 2025” Completely Collapses: Thousands of Small Firms Shut Down, Losses Unavoidable

In August and September this year, the investigative team from China’s new media outlet “Direct Connection” visited factories across regions like Zhuji in Zhejiang and Yishui in Shandong. They discovered that many small factories are teetering on the edge, facing a dilemma where they lose money whether they continue operations or stop.

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