In a downturn that has crushed the tourism, entertainment and retail industries, companies are going online, downsizing and even offering handouts to help stay afloat
Beijing's Sanlitun commercial district is unusally quiet on Feb. 12. Photo: Cai Yingli/Caixin
A single industry in trouble is a problem. An entire sector in trouble is a crisis.
On Jan. 23, two days before the start of the Lunar New Year holiday, Beijing’s Palace Museum and Shanghai Disney Park should have been buzzing with tourists.