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Yuyao Elderly Apartment Enterprise Collapsed. Experts: the Government Should Be Held Responsible | Elderly Care

The Shunchen Senior Apartments, supported by the Yuyao Municipal Government, recently went bankrupt. According to the latest information released, there are more than 4,000 creditors, most of whom are elderly people living in the apartments and their relatives and friends. The largest amount is over 10 million. Chinese experts believe that "there are many bad businessmen in China at present, and the government should bear a great responsibility."
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The Shunchen Senior Apartments, supported by the Yuyao Municipal Government, recently went bankrupt. According to the latest information released, there are more than 4,000 creditors, most of whom are elderly people living in the apartments and their relatives and friends. The largest amount is over 10 million. Chinese experts believe that "there are many bad businessmen in China at present, and the government should bear a great responsibility."

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大纪元 Epoch Times broke the news in on Friday, July 25, 2025.
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