Real View of Shanghai’s Economic Disaster—Finished! 5 Million Jobless and 12,000 Businesses Flee!

What happened to Shanghai this year? Reports suggest that five million people have fled the city. Many friends around me have left for their hometowns to seek new opportunities. The focus of conversations has shifted from starting businesses and making money in Shanghai to leaving the city.
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[TmoneyOGGamer]

If Shanghai, China’s best city is done, then China is done.

[halo]

Not only that but that typhoon probably did a lot more damage then reported buisness that stuck around now have a very convient reason to leave.

[OntheRightTrack-bt]

Unwilling to fight the dictator, the people suffer in silence!

[shawnsdrop]

It's pretty bad when state media propagandists get laid-off.

[wheezysqueezebox]

Thanks, Wolf Warrior Diplomacy! Thanks, anti spying laws!

[ThaiLifeChronicles]

Shanghai lost 2 Chicagos worth of people. If you've never been to Asia from the states, its hard to understand how big these cities are.

[RodrigoPalma]

This is all xi jinping and ccp’s fault. Thanks for sharing.

[LEVATHYN]

Don't worry Chinese shop owners, Winnie the Xi has told me to expect 5% growth this year! Everyone is prospering.

[dougsheldon]

From what I see, if you're over 35 you're toast in any business.

[hungo]

It is apparent that the Chinese economic woes have spiraled into a looming crisis which plagues all industries.

[markkrajnik]

When you cheat at business and your customers and competitors get over it this is what happens!! My suggestion is for China to get back to the trade table and fly right and be honest because last agreements they failed to live by!!

[arguescreamholler]

The results of more money in the hands of a few, and the monopoly of everything we need.

[CBBC]

They need to move to the belt and road countries because that's where their money is at

[martiansurgery]

superficiality obviously isnt just an American thing

[shanewilfon]

The west can maketh. The west can breaketh. Don't bite the hands that feed u. 😂😂🎉

[stephenwilliams]

China became predominantly an export orientated country. From low to high end accessories, parts or whole products.
When people from other countries have no money to spend on their products due to the need to first feed themselves and their families then, we don’t buy, even when those Chinese products are discounted at ridiculous prices and sometimes with free shipping.
We are all suffering the high cost of living.

[powershift]

No wonder the capital flight is enormous there.

[KennTollens]

This happens in America too. No one watches tv anymore. Just streaming services.

[glicerioacosta]

A lot of little pinks are mad on this channel.

[decidocisum]

This is what happens when you have one dictator surrounded by “yes” “men”.