Bosses Fled Overnight! Guangdong, Shanghai, and Zhejiang Plunge into Mass Unemployment

"The boss has run away. Another boss couldn’t hold on. One went bankrupt, another followed. Factories are collapsing one after another, like dominoes falling in slow motion.
How many factories in China are still making money? Even those who used to survive on honest, low-margin processing can’t hold out anymore. There’s no work. And when there is work, it’s at a loss. Bankruptcy is the new normal. The ships are gone, the workers abandoned. “Help,” one cries, “who can understand our pain?”
He just got off his shift when the company vanished overnight. The boss ran away, still owing him 9,000 yuan. For weeks, they promised to pay. But in the end, there was only silence.


#china #chinatruths #chinanews"