Taizhou Hualian will not close down, but its profits will drop by more than half. Zhao Zunfa is the general manager of Taizhou Hualian Supermarket Co., Ltd. Hualian Supermarket is a large supermarket in Taizhou with 52 chain stores here. After the outbreak of the epidemic, Hualian Supermarket overcame difficulties and persisted in its operation, which provided a guarantee for the supply of living materials for local citizens.

The bankruptcy of a company means bankruptcy, and the company can't continue to operate because it can't pay off its due debts. The court announced the suspension of business and cleared up the creditor's rights and debts. Legal bankruptcy refers to the closure of enterprises or shops due to losses. High taxes, recession and other reasons led to the closure of the company.