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09.01
2026

The number of people in debt nationwide has reached 920 million, with physical stores and e-commerce businesses facing a massive wave of closures

Latest statistics show that 920 million people nationwide are in debt, and unemployed crowds, as well as large-scale closures and transfers of shops and stalls, can be seen everywhere on the streets. The real economy is suffering from a severe winter; both the catering industry and e-commerce are facing extreme price wars and a zero-profit dilemma, with long queues for job hunting and salaries falling back to the 3,000-yuan era.

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