90% Shops Are Empty in Shanghai & Guangzhou? Streets Empty, a Wave of Retail Closures Looms

In a country with a population of 1.4 billion, there’s no one on the streets, no customers in the stores. Where has everyone gone? What are we going to do with our physical stores? October saw a significant decline in the number of people shopping in the streets, and an increase in the number of closed shops. The once bustling commercial centers and pedestrian streets are now nearly deserted. Even barbershops and vegetable markets are now empty. This has led many to wonder where all the people and money have gone. Have people stopped consuming altogether? Numerous small business owners, who are still persevering in keeping their shops open, are also voicing their difficulties, describing their business as bleak and barely sustainable. #shanghai #guangzhou #chinaeconomy #chinaobserver All rights reserved.