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Housing Prices Halved, Debt Piles up, Businesses Decline: the Plight of Shanghai Residents | Unemployment, Shop Closures
Summary by 大纪元 Epoch Times
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1 Articles
Against the backdrop of a general economic downturn in China and weak consumption and investment momentum, Shanghai, once considered the most resilient international metropolis, has entered a period of deep adjustment in its real estate market. At the same time, Shanghai's business sector is in decline, and ordinary people are facing challenges to their survival due to waves of unemployment and store closures.
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