With state subsidized and managed manufacturing, I can only imagine how much of China's industry mirrors our own free world government run businesses and services.
I can't help but think these company closures lead to mass amalgamations that become easier for the communist government to control. China has, in a matter of a few decades, become the largest economy in the world. Seems like all the makings of a mega economy crisis to me. JMO, of course.
Bruce
