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China's Economic Recession, Corporate Relocation, and Overall Decline in Living Standards | Reopening After the Pandemic | China's Production Capacity
Summary by 大纪元 Epoch Times
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1 Articles
Since the end of the COVID-19 lockdown on December 7, 2022, Shanghai, Beijing, and the Yangtze River Delta and Pearl River Delta regions have experienced population outflows, foreign investment withdrawals, and business relocations. China's industrial capacity utilization rate has declined, urban vitality has decreased, and consumer spending has continued to fall. A Shanghai resident lamented, "Shanghai is like a ghost town."
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