China’s Retail Apocalypse: An Entire Street Shut Down! A 30-Minute Walk Reveals 83 Closed Businesses

Shenzhen South China City, once a landmark commercial complex in Shenzhen’s Pinghu area, now has almost all of its entrances locked and its overall vacancy rate is close to 100%. Once known as the “trade aircraft carrier of southern China,” the massive market has gone from crowded with shoppers to deserted in just a few years.

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