How dire is the current situation in Shanghai? No jobs for many young people

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Shanghai, once China’s most vibrant international metropolis, is now facing a deep economic downturn. Factories and billion-dollar companies are collapsing, malls are deserted, restaurants are closing, and unemployment is soaring. Even schools and kindergartens are shutting down as the population declines. From the bankruptcy of Wusheng Semiconductor to the departure of Pegatron, Shanghai’s crisis reflects the larger slowdown of China’s economy.
In this video, we explore the shocking reality of today’s Shanghai—abandoned shopping malls, empty offices, housing market struggles, and the mass exodus of workers leaving the city.


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