Tenants in Guangzhou's Urban Villages Have Decreased Significantly, Making It Difficult for Landlords to Make a Living | White-Collar Workers Are Leaving the City.

大纪元 Epoch Times

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Affected by the continued economic downturn in China, Guangzhou has seen a significant decrease in its migrant population. A large number of white-collar workers, who once supported the rental market in urban villages, have left, leading to a continuous rise in vacancy rates. Many landlords have lost their source of income and are forced to rely on their savings to make ends meet.