Shanghai's Economy is Crashing: Total Ghost Town

#Chinadeepdive

Hello, this is China Deep Dive. We have all the information you need to know about China at present. Today's topic is:

Against the backdrop of China's continued economic downturn, Shanghai, once considered a barometer of the national economy, has also begun to show a visible cooling.

Prime commercial districts that were once extremely difficult to secure now frequently display "For Sale" signs. Citizens' consumption habits have shifted from "refined" to "pragmatic."

Shanghai has long been known for its concentration of high-paying jobs, especially in the finance and internet industries. However, even employees of once-high-paying, glamorous IT giants are now facing the harsh reality of pay cuts and layoffs.


Your support allows us to produce more high-quality videos.

Any illegal reproduction of this content in any form will result in immediate action against the person(s) concerned.