China’s Urban Collapse: Pudong’s Crisis and the Metro Meltdown

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China’s Urban Collapse: Pudong’s Crisis and the Metro Meltdown China’s transportation backbone is cracking. Shanghai Pudong Airport—once the nation’s proud gateway—is laying off 8,000 workers after a stunning 70% valuation crash. But the crisis doesn’t end at airports. Metro systems in Shanghai, Shenzhen, Foshan, and Chongqing are bleeding money, slashing staff, and drowning under real-estate exposure and unsustainable expansion. Shenzhen Metro alone has racked up a 33.4-billion-yuan loss, dragged down by its massive investment in Vanke. Behind the scenes, local governments face empty coffers, suspended public services, and deep corruption. China’s urban model is collapsing—and the consequences are now impossible to hide.

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