The entrepreneurial dreams of young people in China have been shattered by the reality of falling back into poverty among the middle class. After the collapse of businesses like homestays, camping sites, and “script-killing” games, small shops like milk tea cafés, coffee shops, and small bars have been frequently closing down, creating a “middle-class poverty return” trend.
One blogger analyzed that the reason behind the coffee shop closures is the rise of the “street market economy.”
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