Beijing’s November Woes: Dining Slump, Vacant Shops, Tough Job Market
Beijing’s November Woes: Dining Slump, Vacant Shops, Tough Job Market
Udumbara
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With the economic downturn, more commercial spaces in Beijing are sitting empty. This rise in vacancies is driving rents down, which in turn lowers business enthusiasm to open new stores. The result is a negative cycle that’s impacting the wider economy.
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