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Will Ningxia Zhongyan Company close down?

No. According to Zhaopin.com, Zhongyan Ningxia Salt Industry Co., Ltd. is affiliated to China Salt Industry Group Co., Ltd. (supervised by SASAC of the State Council), and has nine branches and one holding company in Ningxia Hui Autonomous Region, which plays a major role in implementing the national salt monopoly policy and popularizing the supply of iodized salt, so Ningxia Zhongyan Company will not go bankrupt.