(Photo : Rongsheng shipyard )

The Republic of China has been known for many years as one of the nations booming in business and industry. As of 2013, China holds the rank of the second largest economy with a GDP totaling approximately US$ 8.227 trillion.  Big on lending and consuming, China has done more than enough to create a complex industry that claims attention of the entire world. Less than a decade ago, Rongsheng shipyard was opened as one of the biggest in its industry and capable of building some of the largest ships known to man. It has been a symbol of China's economic growth since 2006.

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But now things have changed for the worst.

Rongsheng shipyard stands practically motionless in the economy today. With over 20,000 workers laid off in the past two years and most of the shipyard inactive, Rongsheng is now asking the government for help in its crisis.

The once busy town surrounding Rongsheng, Changqingsha, is now quiet. Empty roads and closed stores with signs such as "spaces for rent" fill the area and the area is near to complete abandonment.

For a long time, China has depended on the rocketing economic growth to sustain its nation and industry and it became one of the world's largest consumers.  But the economic slowdown, credit "crunches" and lack of exports are now causing trouble. Like a car racing along the road, China's Rongsheng experienced a drastic halt as it passed by the speed bump of a great cool down. Even if the country is still economically stable in Western standards, China's years of double-digit expansion are coming to a close and the consequences have to be faced.

The question now is whether China can adapt to the dilemma of this economic era or parts of the nation will eventually turn into another image Rongsheng and Changqingsha one by one.