China’s Urban Collapse: Pudong’s Crisis and the Metro Meltdown

China’s Urban Collapse: Pudong’s Crisis and the Metro Meltdown
China’s transportation backbone is cracking. Shanghai Pudong Airport—once the nation’s proud gateway—is laying off 8,000 workers after a stunning 70% valuation crash. But the crisis doesn’t end at airports. Metro systems in Shanghai, Shenzhen, Foshan, and Chongqing are bleeding money, slashing staff, and drowning under real-estate exposure and unsustainable expansion. Shenzhen Metro alone has racked up a 33.4-billion-yuan loss, dragged down by its massive investment in Vanke. Behind the scenes, local governments face empty coffers, suspended public services, and deep corruption. China’s urban model is collapsing—and the consequences are now impossible to hide.

Watch the full live stream here: https://www.youtube.com/watch?v=ODAChukug3c

Lei's Looking Glass channel: https://www.youtube.com/@LeisLookingGlass
Donation: https://donorbox.org/support-lei-s-real-talk-support-lei
Support Lei’s work via her online shop: https://shop.leisrealtalk.com/
Sign up for my emails: https://leisrealtalk.com/
Ideas/Suggestions: [email protected]
******************
We discuss world economy, history, and politics. Our main focus is U.S.-China relations. We make short videos and tell you the hidden stories.
******************
References:

******************
🔔 Subscribe for updates: https://www.youtube.com/c/LeisRealTalk​​​
******************
🔵 Make sure to share this video with your friends!
Follow us on our Website: https://leisrealtalk.com/​​​​​​
Follow us on Twitter: https://twitter.com/LeisRealTalk​​​​​​​​
Follow us on Facebook: https://www.facebook.com/leisrealtalk​​​
******************