'Zombie companies' adjust to new reality

As overproducing and unprofitable businesses in the ship building, mining, steel and cement industries are forced to close or downsize, employees come to terms with the change and look toward the future. Xinhua News Agency and Du Juan report.

After a career spent building and repairing ships, Bao Hongyi (a pseudonym) never expected the shipping industry to sink so fast.

A month ago, the State-owned Wuzhou Shipyard, where 48-year-old Bao began work as a technician in 2001, filed for bankruptcy.