China’s economy is unraveling—and Shenzhen shows it best. Shenzhen, the country’s trade hub, reveals the full impact of the U.S.–China tariff war: exports collapsing, freight shrinking, investment plunging, and consumption falling—even with millions of shoppers crossing daily from Hong Kong. Local officials are finally telling the truth, while Beijing turns to harsh new taxes on consumption, e-commerce, rentals, and VAT. This program exposes the hidden reality behind China’s economic numbers.1. Shenzhen under siege: exports down, freight and investment collapsing2. Beijing’s tax bomb: squeezing citizens through new levies and crackdowns3. Local governments break ranks: truth-telling as soft resistance to Beijing
