No Money Left? China Turns To Fines As Millions Of Shops Shut Their Doors
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Shenzhen South China City, once a landmark commercial complex in Shenzhen’s Pinghu area, now has almost all of its entrances locked and its overall vacancy rate is close to 100%. Once known as the “trade aircraft carrier of southern China,” the massive market has gone from crowded with shoppers to deserted in just a few years.
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