Part 7/9:
A look beyond Shanghai to similar economic hardships in Guizhou and Anhui, reveals industries in decline, particularly in manufacturing. Reports of employees struggling with layoff announcements and the shuttering of companies have become commonplace. Many workers, previously secure in their positions, find themselves without income, leading to dire living situations.
The Emotional Toll
The emotional toll of sudden job losses is profound. An account shared on social media captures a man's despair after his wife was laid off just days before the Lunar New Year, leading to feelings of helplessness as they face mounting financial pressures. Such stories are a reminder of the human element underlying economic crises.