Hair salons across China are shutting at a record pace even as demand holds steady, with operators blaming high rents, rising wages and thin pricing power. Industry figures show far more closures than openings in early 2026.
A street vendor in China died after a customer's online warning about his six-yuan snack went viral, prompting a debate about how public shaming on the internet can destroy a small business owner's life.
New bankruptcy data from Tokyo Shokō Research shows 5,373 Japanese firms with debts over 10 million yen failed in the first half of fiscal 2026, a 13-year record. Rising interest rates and shrinking demand are hitting the smallest companies hardest.
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