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Suzhou's Economy Is in Recession; Factories Are Shutting Down and Shops Are Closing | Jiangsu | Foreign Investment Is Withdrawing
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Recent official Chinese data shows that Suzhou's GDP is projected to grow by 5.4% by 2025. However, behind these impressive figures lies a massive exodus of foreign investment, factory shutdowns, shop closures, and widespread unemployment, with many residents declaring a "complete economic collapse." A Taiwanese scholar points out that Suzhou's current economic situation reflects a deep-seated structural dilemma: the growth model built on foreig…
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