The economic downturn can be observed from various bidding conferences.
Government projects, once pursued by numerous companies, have not escaped the curse of the timeline, significantly reducing their appeal to the capital market. Either the bids fail, or they are left unattended, and some winning companies even prefer to forfeit their deposit to withdraw voluntarily.
At a bidding conference in Kyoto today, the scene is similarly not very lively, with only two companies making it to the final round.
Of course,
we cannot consider the quantity without evaluating the quality.
Although only two companies have made it to the final round, both of them are remarkable. One is Jinhai Industry, a model private enterprise with a market value of hundreds of billions, and the other is Seagull, a leading car company in the new energy market.
When the economy is in recession and the market is shrinking, the battle for survival on the food chain becomes increasingly brutal.
