China’s Economy Is So Broken It Can’t Hide: Homeless Fill Beijing, Shanghai Turns Empty
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From Guomao and Sanlitun to The Place, people have been posting videos. These videos show quiet shopping malls, stores up for lease, office buildings with their lights turned off, and apartments that are difficult to rent out. Finding a job has become harder. Physical stores are struggling to survive. Food delivery orders are declining. More and more people are feeling the downturn in Beijing as they see changes on the streets.
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