After the pandemic ended in 2023, China’s economy showed no signs of recovery. By 2024, the situation deteriorated even further. Many foreign companies withdrew from cities like Beijing and Shanghai, and foreign tourists nearly disappeared. Domestic companies faced massive layoffs, and consumer spending continued to decline.
Everywhere you look, shops are shutting down. The weak consumer demand has dealt a heavy blow to the restaurant industry, leaving it struggling to survive.
Join this channel to get access to perks:
https://www.youtube.com/channel/UCT2kPBcD6tXn8TP_aV7BmgA/join
#chinaobserver
All rights reserved.
⭐You can support us at: https://donorbox.org/china-observer-supporting-independent-news
⭐For business cooperation, please contact us: business@chinaobserver.co