Shanghai’s Economy Regresses 40 Years; Countless Chinese Shops Shut—Staying Alive Tops All

Mr. Li, a resident of Shandong, told overseas Chinese media that during his recent visit to Linyi City, he found many roadside shops around the main city for rent or transfer. “The economic decline is quite obvious,” he noted. On some busy streets near logistics hubs, markets, and schools, there are as many as 30 shops in a row up for transfer, involving various industries such as food and beverage, education, clinics, and clubs. Ms. Feng mentioned that currently, one hardly sees any foreigners on the streets. She believes that Shanghai’s economy has gone back at least forty years. #chinaobserver All rights reserved. ⭐You can support us at: ⭐For business cooperation, please contact us: business@