Six cities in Liaoning province, including Shenyang and Anshan, recently announced they are converting abandoned industrial sites to farm land. Dongguan, once a booming factory center, is on the verge of bankruptcy as companies close, leaving the local government severely cash-strapped. Just two years after China overtook the U.S. to become the world’s largest manufacturer, the country faces the prospect of decades of de-industrialization. And there is little Beijing can do to arrest the slide.
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