China s Great Depression Nearly 50 Million People Sleeping on the Streets

"China's economic downturn has persisted for some time, and statistics show that the age of homeless people is decreasing. In many large cities, an increasing number of young people are spending the night in parks or under bridges.
On September 26, 2025, Caixin.com published a report stating that Chen Ronghui of the National Bureau of Data Science organized 34 provincial-level survey agencies to conduct a comprehensive survey of the homeless population nationwide. Data showed that as of the end of August, there were approximately 47.5 million homeless people in China, a 5.3-fold increase compared to 2020. Of this group, 61% were under 33 years old, and 25% were over 60 years old."