TOKYO -- A particularly deep and prolonged economic slowdown in northeastern China is driving multinational companies from Japan and elsewhere to curtail their presence in the rust belt region.
Economy
China's stagnating rust belt hit by exits of global companies
Orix, Panasonic and others sell off operations in economically weak northeast
Production stopped in May at this Panasonic group battery plant in the northeastern Chinese city of Shenyang. (Photo by Shin Watanabe)
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