Life in a Chinese Metropolis in 2024: Unparalleled Variety and Affordability Thanks to an Ever-Present Competitiveness That Mire Everyone in Constant Anxiety
Finding myself on the streets of Shanghai for the first time since 2017 , I was rather surprised by the vibrancy with which the street life returned to the megacity. With major international news outlets covering the popping of the real estate bubble, the high unemployment rates among the youth, and stagnant wages, it is easy to come to the conclusion that people are less willing to spend the decreasing salaries from increasingly precarious jobs. Yet, despite the anecdotal and statistical evidence that would discourage such development, the streets are seeing more and more shops competing for customers.