A man works at Pascal Lighting, which employed about 2,000 staff eight years ago, but today has only about 200 employees. Photo: Reuters

China’s incredible shrinking factories: forced to downsize just to survive

Rising labour costs, higher real estate prices, less favourable government policies and smaller order volumes are forcing Chinese plants to downsize - just to survive.

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A man works at Pascal Lighting, which employed about 2,000 staff eight years ago, but today has only about 200 employees. Photo: Reuters
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