China’s baby boom enriched a small Irish town where a Nestlé factory made formula for Chinese newborns. Then a baby bust unraveled it all. Or so it seemed.

For American manufacturers, it is hard to quit China and its unrivaled factories. One industry is defying that reality as it shifts more production to Vietnam.

The U.S. said Samsung and SK Hynix could no longer ship American equipment to their production facilities in China without government licenses.

China Evergrande, delisted from the Hong Kong Stock Exchange on Monday, leaves behind a giant pile of debt and a long line of desperate creditors.