Shanghai: The Poor and the Rich Lament while the Smart Flee

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Hello, this is China Deep Dive. We have all the information you need to know about China at present. Today's topic is: Shanghai: The Poor and the Rich Lament while the Smart Flee

Shanghai has long been known as China’s richest and most powerful economic city. But today, signs of a serious economic downturn are becoming increasingly difficult to ignore.

Empty shopping malls, declining consumer spending, falling rents, business closures, layoffs, and quieter streets are raising a troubling question: what happened to Shanghai’s economy?

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