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RE: LeoThread 2025-01-17 09:25

in LeoFinance5 days ago

Part 1/7:

The Economic Crisis in Chongqing: A City in Decline

Chongqing, once a burgeoning economic hub in western China, is grappling with significant economic challenges that deeply affect its residents. This article explores the factors contributing to the city's woes, the stark realities faced by locals, and the government measures—or lack thereof—aimed at reversing the downturn.

Life in Chongqing: A Struggle for Survival

For many Chongqing natives, life in the city is increasingly unmanageable. As one resident pointed out, wages remain stagnant while housing prices plummet and living costs continue to rise. Many locals express a willingness to leave their homes behind in the event of demolition, hoping for compensation that could facilitate a move to more affordable areas like Chungu.