Toshiba Closes Factory in Dalian, Denying Full Withdrawal From China

Workers inspect products at Toshiba's laptop factory in Lu 'an City, Anhui Province, China. The Japanese electronics giant will close its 30-year-old Dalian production base, a sign of its increasingly bleak future in the Chinese market. STR/AFP via Getty Images

Japanese electronics giant Toshiba is closing its factory in Dalian City after entering the Chinese market 30 years ago.

There are also online rumors that Toshiba will completely withdraw from China by closing 33 factories and R&D facilities in 24 Chinese cities by the end of this year.