Top Shanghai Mall Shuts Down, Only U.S. Consulate Remains; 7,000 Store Closures in China in 6 Months

Only the US Consulate left standing. Now there’s some symbolism to upset Xi !

Ironic that a US owned property is the only thing keeping that mall alive.

I only feel sorry for Hong Kong , from the Top of Asia down to the bottom last of Asia in just few months,

The only booming business is visas to get out. And funeral parlors

Thank you Xi

Used to visit this mall twice a week for years. It's heartbreaking but impossible to understand why the CCP wanted to forcibly shut down so many GDP-generating industries when it's not making the economic environment so hostile for foreign companies and foreign investment that would otherwise create a thriving economy. The CCP's 2022 National Policy to transform China into a nation of farmers and soldiers has only succeeded in transforming China into a banana republic.

Only the U.S. Consulate left open, with a big line of Chinese citizens, trying to get visas...

Where are the “Belt and Road” shoppers? Especially from Russia?

Now if the US Embassy in Shanghai would just shutdown.

This is exactly what happened in Spain in 2008, during the global crisis. The real estate bubble burst abruptly, thousands of shops closed because consumption dropped dramatically. Unemployment rose sharply and there were also companies that left their customers without their money. It took us 15 years to recover (and not completely) but we started with the advantage of being helped by the world's largest consumers: the United States and Europe.

Online shopping may have destroyed the retailers with lower prices, but they’ve also taken money away from future customers. With more unemployment who will buy your products?

Yes but business at the US consulates business is up 856%🤔

Vacancies are rampant across Chinese shopping malls as debilitated demand deadens everything. The retail industry is really bearing the brunt of such looming crisis.

Rooms at Hilton Shanghai are less than 80 bucks a night. Shanghai ain't doing well

The fruits of Corrupt c. p. Great leap backwards

Winnie the pooh is sending the country back to the stone age! 😮

Its hard to spend money When You have no job No money No house Debts up to your eye balls And are struggling to not starve

But according to the CCP, China's economy is growing at a 5% rate.

I’m still stunned by witless wonders who think opening a restaurant is something you can do without long experience and exhaustive due diligence. And even THEN it’s risky! And even when you are the rare individual who is actually enjoying some measure of success, the Chinese herd stampedes in and opens a dozen of the same exact business within 2 blocks of yours, ensuring everyone fails. It’s a MUCH safer investment, causes significantly less pain, and with MUCH better odds of success, to simply empty your bank accounts, or take a loan, head to Macau, saunter over to roulette tables, and put it all on Black.

They have fiat currency too.