“The coldest winter ever” – that’s how Chinese manufacturers have characterized 2015. Across the country, many small and medium-sized manufacturers have had to shut down. Larger ones have been struggling to keep going. But these difficulties have been several years in the making. Chinese manufacturers have been suffering from falling overseas demand, rising labor costs, a saturated domestic market and lack of capital for several years. Where will “Made in China” go? At the end of this year, reporter Feng Xin visited Zhejiang province, one of China’s manufacturing centers.
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