Since it opened in 2006, Rongsheng shipyard on China's eastern coast has always been a symbol of the country's economy.
First, as a monument to China's rising industrial power fuelled by a huge investment boom - a glut of lending and spending on an ever-increasing scale poured into buildings, bridges, homes and industry.
Rongsheng was part of that boom. It is one of China's biggest shipyards, opened in 2006, and its huge gantries and cranes are capable of building some of the world's biggest ships.
A decade ago, from almost nothing, China declared that it wanted to be the biggest shipbuilding nation in the world by 2015.
But today Rongsheng is a symbol in another, much less welcome sense.
Much of the yard is idle and 20,000 workers have been laid off over the past two years.
There is simply not enough global demand for new ships and, as in other industries in which China has over-invested, there is huge overcapacity, a total of 1,647 shipyards.
Indeed, Rongsheng, which is not a state-owned company but is listed on the Hong Kong stock exchange, has appealed for government help to save it, on top of the many millions of US dollars of public funds it has already received.
An economy based on ever-increasing investment is simply unsustainable, as China's shipbuilding industry starkly illustrates, so the new government has set itself the priority of rebalancing the growth model.
