China’s Tourism Bubble Bursts, Hundreds of Billions Lost! $350M Invested, Under 20 Visitors Daily

Zhangjiajie, often referred to as the “first in mountain and water tourism,” is globally renowned for its natural wonders, including Wulingyuan and Tianmen Mountain. However, its famous landmark, the Duyong Ancient City, is now witnessing the collapse of a capital myth worth 2.5 billion yuan (approximately 349 million USD).
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