Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "White-Collars in Tears! Many Returned from Vacation to Find Company Shut and Offices Cleared Out" video.

  1. 😮 Employees return to work after a holiday only to find their company has shut down, leaving them without pay. 00:00 Employees discover their company has gone bust and the office is cleared out. Employees find a message from their boss instructing them not to come in. Employees report not receiving their salaries and consider taking office furniture home. 📉 The catering industry in Guangdong is experiencing a wave of closures, with many restaurants shutting down after a short period of time. 03:43 The food and beverage industry in Guangdong is collapsing faster than the real estate market. Many new restaurants in Guangdong are closing down after only a few months of operation. Even established restaurants with significant investments are closing down after a few years of operation. 📉 The restaurant industry in China experienced a decline in new openings and an increase in closures, with some restaurants lasting only a few days. 07:29 The average lifespan of a new restaurant in China is only 8 days. Novice entrepreneurs were particularly impacted, with some restaurants closing after just a few days or months. Categories favored by newcomers, such as takeaway-only outlets, hot pot restaurants, and coffee shops, were heavily affected. 😔 The current economic downturn in China has led to the closure of restaurants, vegetable shops, and street stalls, resulting in a bleak street economy. 11:02 The street economy in China is suffering due to decreased consumption and cooling weather. Brick and Mortar stores in Shanghai, such as the Shanghai Fisheries Market, are also experiencing closures. The Nano fashionabledress wholesale Center, a high-end clothing market, is also facing challenges. 📉 China's Consumer Price Index recorded zero growth in September, indicating a trend of deflation and decreased purchasing power. 14:21 Consumer Price Index recorded zero growth in September after two months of below-market expectations. Producer Price Index in September decreased by 2.5% year on-year, marking the 12th consecutive month of decrease. China's prevalent trend of downgraded consumption and high housing loan burdens contribute to decreased purchasing power and discourage spending.
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