Source: China – South China Morning PostAfter four years leasing out private holiday accommodation beside the sea in the west of Guangdong province, a downturn in demand has led Chen Mei to regret getting involved in the industry.
“I thought domestic demand would rebound quickly after the [Covid-19] pandemic, but price wars have actually intensified across the industry, squeezing profits year by year,” she said. “I’ve begun scaling back operations. If I could choose again, I wouldn’t have invested in the industry.”
Chen’s downbeat…Read More