Part 12/12:
The wave of closures in the lithium battery industry may be just the beginning of a larger economic unraveling in China as the global economy and domestic demand continue to lag. The Chinese government's attempts to mask structural issues with policy intervention merely delay the crisis without addressing the root causes. As economic pressures mount, China faces a harsh reality: the once-vaunted economic miracle is rapidly unraveling, and the Chinese model of growth heavily reliant on subsidies and achievement-driven projects has reached its limits.