Almost 90% Of Shops in Guangzhou Are Closed With 700K Fleeing, the City Faces a Deep Depression

In a recent video, a man showcases the current state of a commercial street in Zhongshan, Guangdong during September. The man states, “Walking down this street, out of every 10 shops, 9 seem to be shuttered prime storefronts.“ The video portrays once-bustling streets and malls now significantly quieter. “Doing business now is nothing like it used to be. The foot traffic has diminished,“ he adds. Lately, Guangdong has witnessed a surge in physical store closures and unemployment. Whether day laborers or shop owners, many face the risk of unemployment. #guangzhou #chinaeconomy #chinaobserver All rights reserved.