British Steel was on the brink of closing down, with 4,000 jobs in the UK town of Scunthorpe at risk.

The world is on the brink of a seismic shift with the emergence of the Industry 4.0 wave, and to thrive in it, we must work together so that no one is left behind," said Deloitte Global CEO Punit Renjen.

""The DME Group brings us an experienced team as well as a great customer base, which allows us to further increase our presence in North America," Ko Brink, CEO of CETP, said.

"New tariffs on steel, aluminum, and Chinese imports, as well as the potential for additional tariffs on autos and auto parts, have pushed us to the brink of a global trade war," the US Chamber of Commerce, the largest business group in the country, said in a new study.

Mid Continent Nail is "on the brink of extinction", he said.

The managing director and head of global consultancy Alvarez & Marsal (A&M) Asia has been on the job for more than two decades, injecting life into enterprises on the brink of going to the wall and helping them to achieve growth in both distressed and high-growth situations.

Weinand said China is on the brink of an innovation revolution in medicine, not only in the areas of treatment and clinical medicine but also in terms of the number of scientists at work.

According to Wuxi government, more than 100 Fortune 500 companies have invested or set up operations in the city, and the import and export volume of the city is on the brink of exceeding $100 billion this year.

But a shortage of sea freighters, price increases and unpredictable shipping times pushed him to the brink of breaking contracts.

It has effectively done so over the past 10 years, and the nation is on the brink of becoming a "moderately prosperous society" in time for the Party's 100th anniversary next year.

While the carbon peak and neutrality goals might push many refiners to the brink, it is believed several of those who succeed in seizing opportunities will thrive amid the challenges, he added.

"We are at the brink of a major manufacturing recovery considering the cyclical pattern of the Chinese economy, predicated on policy support from both the fiscal and the monetary side and progress toward the resolution of Sino-US trade friction," he said.

In the early 1980s, a steam turbine factory in inland China was on the brink of bankruptcy, forcing its workers to produce kitchen knives to survive.

Data from the China Association of Automobile Manufacturers showed that NEV production this year is on the brink of breaking last year's record, with output in the first 10 months reaching 2.57 million units, up 133.2 percent year-on-year.

Byton has been facing cash flow problems since 2019, and the COVID-19 aggravated the situation and pushed the startup to the brink of bankruptcy in 2020.

Back then, the New York-listed carmaker was on the brink of bankruptcy, having failed to secure more finance for vehicle development and business operations.

"Ghosn was a star in the auto industry, having steered Nissan for two decades from the brink of bankruptcy to one of the largest groups in the industry, allied with Renault and smaller Japanese partner Mitsubishi Motors.

Ghosn, widely lauded for rescuing Nissan Motor Co from the brink of bankruptcy two decades ago, has experienced a dramatic fall from grace that shook the global auto industry and raised questions about the future of Nissan's alliance with France's Renault SA.

In spring last year, when the impact of COVID-19 was most pronounced in China, with strict social distancing requirements enforced and business demand falling sharply, many enterprises－especially smaller, labor intensive businesses－were on the brink.

"Major European economies, notably Germany, are on the brink of recession .

Against the backdrop of leverage cutting, some enterprises, thanks to their high debt levels, cannot continue to get access to bank loans and are forced to the brink of bankruptcy.

However, their actions can never change the fact that Taiwan is part of China, and will only push Taiwan to the brink of war and bring great suffering to the Taiwan compatriots.

For some time, some people in the United States have been intensifying their erroneous words and deeds regarding the Taiwan question, Zhu said, adding that the negative provisions of the act concerning Taiwan further show that there is a force in the United States attempting to provide armed support to "Taiwan independence" separatist forces, incite confrontation across the Taiwan Straits, push the Taiwan Straits to the brink of war and Taiwan people to a miserable situation.