this post was submitted on 11 Aug 2023
427 points (90.8% liked)

World News

32297 readers
1190 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] mar_k@hexbear.net 30 points 1 year ago* (last edited 1 year ago)

dont-laugh I love how some of the opening lines talks about interviewing a single Chinese person failing to run a business

One entrepreneur interviewed by The Wall Street Journal said that one of his businesses, a distributor for LED screens based in Shenzhen, is suffering from widening losses as overseas orders dry up, leading him to slash prices to compete for domestic clients. Having laid off more than 50 out of 120 staff since 2022, he said he is contemplating whether to shut the business this year.