In Shanghai, jobless young professionals are paying $5 a day to sit beneath fluorescent lights at the aptly named Pretend to Work Co., one of many faux offices across the city that offer Wi-Fi, coffee, and the illusion of employment. Likely no more than a few blocks away, rural migrant workers sleep in shifts in a shared room, trading off turns at a single job. Both groups are being buffeted by the same headwinds. China’s slowing economy and structural shifts—including a real estate collapse

Tag-uri: Real Estate