Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Banks Struggling to Operate, Large Malls Like Ghost Towns, Closure Wave Sweeps China by Year-End" video.

  1. 📉 The economic downturn in China has led to widespread closures of physical stores, with various industries affected and businesses struggling to sustain operations. 00:00 High unemployment rates and sluggish consumer spending are contributing to the wave of physical store closures in China. Nearly 90% of the shops on entire commercial streets have shut down, and even banks are unable to sustain operations. Every industry, including auction shops and car rental services, is struggling, with many businesses closing at the end of the year. 😔 The video shows the economic challenges faced by businesses in Shanghai, with many shops and restaurants struggling to stay open. 04:05 Businesses in Shanghai are facing tough times, with very few customers and orders, leading to many closures. Unemployment is a big problem, and the high cost of rent is making it harder for physical businesses to survive. The newly built Commercial Street in Shanghai is completely dead, with many shops and restaurants closed or for lease. 🏢 The video discusses the closure of traditional Chinese medicine store Tong Ren Tang and the desolate state of the World Trade Center in Beijing. 07:33 Tong Ren Tang, a century-old traditional Chinese medicine store, has closed down in Beijing. The World Trade Center in Beijing is now desolate, with many businesses closing down, including Sephora. The industrial landscape in Beijing has been affected by global shifts and policies, leading to the closure of many factories. 💔 The video shows the impact of the pandemic on physical stores in a mall in a third-tier city in China, with many closures and struggling businesses. 11:17 Many shops in the mall are closing and opening, with a lot of empty spaces and struggling businesses The extreme containment measures by the Chinese Communist Party during the pandemic severely impacted physical stores, leading to successive waves of closures China's economic recovery has been weaker than anticipated, leading to a state of deflation and affecting both small shops and big brand stores 💰 Struggles with debt and failed investments lead to financial hardship for individuals. 14:17 Borrowing money to buy a new house in a desirable school district Losing job and struggling to make mortgage payments Investing in a chain restaurant project, facing total loss and significant debt
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