Chinese economy: Migrant workers moving out coastal cities as crisis grips Chinese economy
The Chinese economy is facing a crisis, with migrant workers, labor brokers, and shop owners moving out of coastal cities and returning home due to reduced job opportunities. The crisis began earlier this year, as China lifted its COVID-19 controls near the end of 2022. The country's economy has been struggling to stage a comeback, with President Xi Jinping acknowledging the challenges in 2023.