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China Rongsheng struggles to survive as orders dry up

No business: Restaurants that have closed down in Changqingcun, which relies heavily on China Rongsheng Heavy Industries. - PHOTO: REUTERS

[RUGAO, China] Deserted flats and boarded-up shops in the Yangtze River town of Changqingcun serve as a reminder of the area's reliance on China Rongsheng Heavy Industries Group, the country's biggest private shipbuilder. Like Rongsheng's shipyards, the area is struggling to survive. The