2026-11
Data from the China Hairdressing and Beauty Association shows that in the first three months of this year, 213,000 hair salons nationwide were deregistered, closed, or transferred, while 127,000 new ones opened in the same period, resulting in a net decrease of 86,000.
2026-11
According to netizen submissions, multiple merchants in the Chengdu hardware and electromechanical market have recently closed their doors due to fears of being fined during 3C certification inspections. It is rumored that a merchant selling Delixi products was fined 80,000 yuan, while another was fined over 200,000 yuan. It is reported that hardware markets in Sichuan and Chongqing have all shut down.
2026-10-22
On October 22, the CSI 300 index closed down 1.84%, falling about 20% from its June high and entering a technical bear market; according to Bloomberg, the STAR 50 and ChiNext indices have both fallen about 40% in the second half of the year, and analysts believe the national team may need to buy more and for longer.
2026-10-22
According to a report by Yicai on October 22, from January to September 2026, nationwide urban and rural residents' household electricity consumption was 123.46 billion kilowatt-hours, down 0.3% year-on-year — the first decline for the same period in nearly ten years.
2026-10
After the National Day holiday, many netizens reported on social media that their companies had closed down or their bosses had fled. Some factories were emptied out during the holiday, leaving workers with months of unpaid wages and nowhere to seek payment. Netizens claim that the National Day holiday is a peak period for bosses to flee, as doing so allows them to avoid settling wage payments.
2026-10-01
On October 1, Time Finance reported that Zhang Qiang (a pseudonym), a homestay operator at a scenic area in Jiangsu, said that three years ago the best room type could sell for 700–800 yuan a night during the National Day holiday, but now even listing it at 580 yuan still brings no orders; more than 100 homestays cluster in his area, making price competition fierce.
2026-01
From January to May 2026, Beijing's total retail sales of consumer goods fell by 2.5% year-on-year.
2026
In the first half of 2026, the country saw a net decrease of 410,000 catering stores, corroborating the reality that retail sales of consumer goods are actually declining significantly.
2026-09-26
Simulations and calculations show that, in order to hold to the general budget target, the government's continued intensification of tax collection would make the tax base and corporate profits unable to bear the load, and the moment the red line is burned through falls around October 2028.
2026-01
According to data cited in the video, in the first five months of 2026, China's land transfer revenue fell by nearly 30% year-on-year, a steeper decline than for the whole of 2025.
2026-09-14
On September 14, 2026, a shop in Guangzhou officially announced its closure due to business difficulties.
2026-09-20
On September 20, 2026, due to extremely poor business in September, many people chose to return to their hometowns and were waiting at the bus station.
2026-09-21
Reports on September 21 showed that the unemployment rate among non-student youth aged 16 to 24 in China rose to 18.9%, amid a continuing economic downturn. Although multiple economists have warned that AI is unlikely to drive employment, Beijing still plans to invest approximately $295 billion over the next five years to build a national data center network. Xi Jinping emphasized the importance of focusing on "hard power" rather than just GDP.
2026-09-17
On September 17, Evergrande Auto released its 2026 interim results, showing that the company has only 7 employees left, with total assets of approximately 182 million yuan and liabilities as high as 32.722 billion yuan. The company explicitly stated that it has exited the vehicle manufacturing business and has no intention to resume it, with the net profit for the first half of the year mainly derived from exchange gains on borrowings.
2026-09-16
Affected by low-price competition and high commission fees on e‑commerce platforms, merchants in the Hebei industrial belt have independently built a B2B platform “Hebei Involution Net”, featuring factory direct supply with no commissions, aiming to bypass intermediate platforms and connect directly with purchasers, scheduled to launch on October 1.
2026-09-15
In September 2026, a Shenzhen businessman dealing in TPE materials visited specialized markets and said they were almost deserted. Previously, multiple manufacturing factories had closed one after another, and not a single one had voluntarily ceased operations after making money.
2026-09-15
In September 2026, the owner of a machining factory in Shenzhen said that after September began, orders dropped significantly and there had been basically no work for over ten days, so he decided to shut the factory, return home to farm, and sell off all the equipment.
2026-09-14
To address the difficulty SMEs face in collecting receivables, the General Office of the State Council issued a special notice, putting forward 10 measures in four areas, requiring large enterprises to shorten the maximum payment period for SMEs to within 60 days, and pushing leading enterprises to honor a “60-day cash payment commitment.”
2026-09-10
On September 10, the Yunnan Provincial Department of Transport announced the application status for public institution recruitment. Among them, the "Admissions and Employment Management Post" at the Yunnan Transport Technician College recruited only 1 person, but attracted 5,172 applicants, with 4,953 passing the review and 2,106 completing the payment. This position has no major restrictions and is included in the public institution establishment.
2026-09-11
On September 11, a video circulated online showing a girl searching for and eating leftover food from a trash can, which garnered widespread attention and shares. The comment section for the related video was strictly limited, displaying only 3 comments, while a large number of netizens used bullet comments to express sarcasm and commentary.
2026-09-10
On September 10, the State Council called on central state-owned enterprises to take the lead in making timely payments, with a focus on large companies that have sizable accounts payable and ample cash assets.
2026-09
China's National Bureau of Statistics released fixed-asset investment data for January to August. Investment nationwide fell 7.2% year-on-year, while in the Northeast region fixed-asset investment dropped 25.5%, with Liaoning down nearly 30% in the first half of the year.
2026-09
Affected by inventory backlogs and cigarette price cuts, 320,000 tobacco and liquor stores nationwide disappeared last year, making industry operations extremely difficult.
2026-09
Multiple netizens and merchants in Shanghai posted on-site descriptions saying that foot traffic at Jinhongqiao, Metro City, Hopson One, Qipu Road and some commercial districts has decreased, with shops standing vacant or shuttered.
2026-09
A number of large companies in the Chengdu area have carried out layoffs, with many people job-hunting for as long as two or three months, while small companies have successively suffered losses and gone out of business, showing the impact of the economic downturn on the city's job market.
2026-09
There has been a significant increase in the number of middle-class business owners in Shandong, Henan, and Hebei inquiring about immigration and applying for passports, which may be related to concerns about the domestic economic outlook.
Location: Hebei, Henan, Shandong ·
Importance III ·
Verification: Reported ·
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2026-09
China's published fiscal data shows that in the first 8 months of 2026, revenue from state-owned land transfers exceeded 1.3 trillion yuan, a year-on-year decline of 28.6%.
2026-09
China's fiscal data show that in the first 8 months of 2026, debt interest payments approached 1 trillion yuan, a year-on-year increase of 5.4%.
2026-09
A large number of closed shops and faded 'for transfer' or 'for rent' advertisements have appeared on the streets of Xiamen, with some restaurant owners stating they can no longer afford the rent.
2026-09
A videographer at Huijing Life Plaza near Luban Road subway station in Huangpu District said that multiple shops have closed, with Starbucks, a beef restaurant, a barbecue restaurant and an education and training institution among those that have ceased operations, and foot traffic in the mall is sparse.
2026-09
A videographer at New Continent Plaza in Lujiazui, Pudong, said that many shops in the plaza had already closed, and the shops on the second floor were also relatively deserted.
2026-09
A Shanghai netizen said that in the Changshou Road area, some people who have nowhere to live bring blankets at night and sleep on other people's spare sofas, and when the weather is warm, some also sleep under bridges.
2026-09
Physical stores in Hangzhou are facing difficulties in operation, with even cardboard being stolen, reflecting the survival pressure faced by small and medium-sized business owners.
2026-09
Catering enterprise Xibei is rumored to face bankruptcy due to a broken capital chain. Instead of reflecting on the pre-made meal issue, its founder Jia Guolong reportedly plans to sue Luo Yonghao, who previously exposed the problems, triggering public discussion about the company shirking responsibility and potentially evading debts.
2026-09
In 2026, Shenzhen's cross-border e-commerce sector has been hit by an unprecedented clearing-out, with veteran sellers in Bantian, Fuyong, Huanan City and elsewhere who had endured for five or six years successively clearing out their stores, cutting operations and scaling back, while some simply shut their doors.
2026-09
In September 2026, the boss of a cross-border e-commerce company in Shenzhen announced that the team had officially disbanded. Because it had been unable to generate profits for a long time, the company became a one-person company, and its workers joined the ranks of flexible employment.
2026-08-31
On the last day of August, Miss Keke Li's women's clothing shop on Taobao, which has over 20 million followers, closed and all items were removed from the store. The shop was considered one of the top online women's clothing stores, and its closure comes against a backdrop of insufficient foot traffic in physical women's clothing stores, difficulties in selling down jackets and coats, and several other women's clothing stores struggling with poor operations. The operators said that low‑price high‑volume sales did not generate enough turnover, and the women's clothing industry faces significant pressure both online and offline.
2026-08-29
On August 29, the semi-annual report of China State Construction Engineering Corporation showed that its accounts payable exceeded 1.1 trillion yuan, with nearly 300 billion yuan overdue for more than a year. The company admitted to extending payment cycles for subcontracted projects, despite holding 395.1 billion yuan in cash and cash equivalents. On September 10, the State Council required state-owned enterprises to take the lead in making timely payments, focusing on large enterprises that have sufficient cash but still delay payments.
2026-08-21
Data released by the Ministry of Finance of the Chinese Communist Party (CCP) shows that land grant revenue across China fell by 31% from January to July 2026.
2026-08-15
On August 15, 2026, Fan Jianchuan, curator of the well-known private Jianchuan Museum, publicly stated that due to a downturn in cultural and tourism consumption and declining revenue, the museum has stopped all new hiring as staff members retire or resign from the 700-person team.
2026-08
According to projections based on multiple independent channels, approximately 3.84 million businesses across China permanently ceased operations in the first half of this year, with a half-year exit rate exceeding 11%.
2026-07-30
Data from the National Institution for Finance and Development show that the household sector's leverage ratio stood at 59.0% at the end of Q1 2026 and dropped to 57.7% in Q2, while household mortgage debt has recorded negative growth for 13 consecutive quarters since Q2 2023.
2026-07-22
In the first quarter, 28 provincial-level administrative regions in China had a general public budget self-sufficiency rate of less than 100%, meaning local budget revenue was insufficient to cover expenditures.
2026-07
The video claims that in 2026 the central government's annual new debt will reach 16 trillion yuan, higher than the 7.2 trillion yuan in 2021.
2026-07
The video claims that more than 70% of the debt currently issued by the Chinese Communist Party is bought by banks.
2026-07
The host noted that many private schools in China had difficulty recruiting students last year, with some even receiving zero applications, leading to the closure of some schools. This reflects the impact of the current economic downturn on the education sector.
2026-07
The ten-year government bond yield has fallen to 1.74%, half the average level of the past twenty years, deepening the income crisis for long-term assets such as pension funds.
2026-06-22
The day after the Hailun Fire Department issued a notice refuting rumors, roller shutters on local streets remained largely closed, and businesses did not resume operations in response to the notice.
2026-06-17
At the Shenzhen import and export trade fair, due to a scarce turnout of buyers and suspicions of hiring fake foreigners to pad attendance, hundreds of exhibitors staged a collective protest demanding refunds of tens of thousands of yuan in exhibition fees, while a large contingent of SWAT police confronted and suppressed them at the scene.
2026-06-12
According to the Chinese Communist Party's March budget execution report, the scale of statutory government bonds has officially surpassed 100 trillion yuan, while hidden debt is estimated at no less than 90 trillion yuan.
2026-06
The video claims that in June 2026 another 4 new energy vehicle companies, including IM Motors, showed a clear decline, and that some IM Motors dealers took payments from customers and then left.
2026-06
According to statistics from the Magic Mirror Insight monitoring agency, mainstream e-commerce mooncake sales from June to August 2026 totaled 439 million yuan, down 21.6% year-on-year.
2026-05
The National Bureau of Statistics of the Chinese Communist Party released data for January to April, showing a year-on-year increase of 18.2% in total profits, but profits in the real estate chain—such as non-metallic minerals and ferrous metal smelting—plunged sharply, showing extreme divergence.
2026-05
Total retail sales of consumer goods in May showed their first negative value since the pandemic, foreign investment, confidence index, and local government finances all hit record lows, while the official unemployment rate slightly dropped to 5.1%.
2026-04-25
According to statistics from the civil society project "Zuotian" (Yesterday), over the 67 days from April 25 to June 30, 2026, merchants in 34 counties (cities, districts) of Heilongjiang successively closed their shops en masse, with the cumulative number of participating merchants too numerous to count, the trigger being merchants' fear of surprise inspections and hefty fines.
2026-04
In the first quarter of 2026, China issued more than 6.7 trillion yuan in government bonds, of which local government bonds exceeded 3.1 trillion yuan and treasury bonds exceeded 3.6 trillion yuan.
2026
The video cited data claiming that China's property yields are about 2.26%, below the 3.5% benchmark cost of funds, with a net carry of about -1.24%; no public report of this data could be found.
2026
In 2026, the posted one-year lump-sum deposit rate at large state-owned banks was 0.95% and the three-year rate was 1.25%; the video analyzed on this basis that the purchasing power of household savings is being eroded by inflation.
2026
After peaking at 13.42 million in 2024, the number of Gaokao registrations in China has continued to decline, dropping to 12.9 million in 2026, a decrease of 450,000 from the previous year.
2026
Leiyang, Hunan once claimed that its industrial park had introduced more than 60 enterprises, but in reality, there were only 5 enterprises with fewer than 100 employees.
2026
According to Caicai magazine, Xiaomi Home has closed more than 2,000 stores within half a year.
2025-04-22
From 2010 to 2024, the permanent resident population of the three northeastern provinces dropped by 14.56 million from a peak of 109 million, including 2.23 million in Liaoning, 4.293 million in Jilin, and 8.043 million in Heilongjiang, bringing the total back to the level of the 1980s.
2025
According to forecasts by CCP statistics departments cited in the video, China's working-age population will decrease by 250 million between 2025 and 2050, weakening the demographic foundation for home purchases and credit expansion.
2025
Official data shows that in 2025, nearly 160,000 people nationwide were disciplined for issues such as "inaction, arbitrary actions, and fraud," a year-on-year increase of 16%.
2025
In the first three quarters of 2025, China's net direct investment was negative.
2025
In 2025, China's use of foreign capital fell 9.5% year-on-year, marking the third consecutive year of decline.
2025
According to the 2025 China Sports and Fitness Industry Data Report, as of the end of 2025, there were approximately 120,000 registered fitness venues in China, a decrease of more than 23,000 compared to 2024.
2025
According to the 2025 China Sports and Fitness Industry Data Report, the number of fitness studios in China has dropped from 43,232 to 18,646.
2025
According to the 2025 China Sports and Fitness Industry Data Report, the total number of fitness members nationwide in China exceeds 84 million, down 3.44% year on year.
2025
According to conservative estimates by Bloomberg, by the end of 2025, over 100 million of China's 1.1 billion adult population faced overdue debts, accounting for a staggering 10.6%.
2024
In 2024, China's net direct investment was negative 0.8% of gross domestic product.
2024
Hailun's general public budget revenue in 2024 was 6.77 hundred million yuan and expenditure was 72.64 hundred million yuan, with revenue accounting for about 9% of expenditure.
2024
Hailun budgeted 38.3 million yuan in revenue from fines and confiscations at the beginning of the year, but actual revenue at year-end was 59.51 million yuan, a budget completion rate of 155%.
2023
In 2023, China's net direct investment widened to negative 1% of gross domestic product.
2022
In 2022, net direct investment on China's balance of payments turned negative for the first time, at -0.1% of gross domestic product.
2022
According to reports, by 2022 Zibo's debt increased to approximately 108 billion RMB, doubling from before Jiang Duntao took office.
2021
China introduced policies targeting after-school tutoring and the private education industry; the video claims that education and training institutions such as New Oriental were hit as a result.
2020-05-28
On May 28, 2020, at the closing press conference of the Two Sessions, Li Keqiang said that China's per capita annual income is 30,000 yuan, but 600 million people earn only 1,000 yuan a month.
2020-03-16
Driven by the market collapse triggered by the epidemic, the VIX hit a record single-day closing high of 82.69, the highest since its inception in 1990.
2016-09
In September 2016, Dushan County in Guizhou broke ground on a nearly 100-meter-tall all-wood Water Company Building despite fiscal revenue of less than 1 billion yuan, taking on nearly 200 million yuan in debt; it later became an unfinished project after the funding chain broke.
2010
Heilongjiang's resident population fell from a peak of 38.33 million in 2010 to 30.01 million in 2025, a decrease of 8.32 million over 15 years.
1990
In 1990, China's GDP growth fell further to 3.8%, and the economic situation was severe.