Shanghai Empties Out, Three Major Commercial Streets Decline, Foreign Investment in China Drops 90%
Shanghai Empties Out, Three Major Commercial Streets Decline, Foreign Investment in China Drops 90%
Udumbara
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A commenter replied: "I'm in Wuhan, and on the main freight route, the number of trucks has dropped by over 40%. Freight transport is a key economic indicator for any city. A drop means there’s no demand in the market, and the economy is stagnant."
Another commenter added: "The cost of living in Shanghai is too high. The wealthy have left, and we can't expect workers to lead consumption."
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