Over 17 Million Brick-And-Mortar Stores in China Closed Last Year; 90% Expected to Shut by 2025

In 2023 alone, over 17 million brick-and-mortar businesses closed down, among the the total of 60 million across the country. What on earth is happening? Imagine going to work in the morning and the store is fine, but by the time you come back, it’s closed.
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