Part 5/8:
This broader economic context reveals a China plagued by "extreme low consumption," as people curtail spending just to keep afloat. Empty shopping malls and shuttered stores attest to the real turmoil felt by consumers.
Impact on the Supply Chain and Vendors
In a stark echo of the corporate collapse, multiple suppliers reported not only their financial losses but also a complete collapse of trust. Many of these business owners have staged protests outside courthouses, desperately seeking the payment owed to them. Supply chains, once the backbone of Sunning's operations, now reflect a shattered industry unable to recover from such a high-profile failure.