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Economy

Manufacturing slump creating ghost towns

The dockyard of Nantong Mingde Heavy Industry has remained largely deserted since the Nantong, Jiangsu Province-based private shipbuilder went belly up this summer.

NANTONG, China -- Beijing says China's economic slowdown is a necessary phase in the country's transition to sustainable growth, but that is little consolation to the scores of manufacturers fighting for survival amid tanking demand. Job cuts are rippling through the shipbuilding and other industries by the thousands, and local businesses and communities are struggling to cope as their livelihoods disappear.

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