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Shanghai Shoppers Embrace Secondhand Amid Economic Struggles

3/6/2026

24 4 Full Breakdown

Summary

Story summary

In Shanghai, shoppers are turning to secondhand stores such as Green Cycle to buy winter coats, sweaters, and household items.
The shift is driven by budget-conscious buying as consumers face slowing wage growth and a prolonged property crisis.
The rise of secondhand shopping signals changing consumer behavior in China, the world's second-largest economy.

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Story summary

In Shanghai, shoppers are turning to secondhand stores such as Green Cycle to buy winter coats, sweaters, and household items.
The shift is driven by budget-conscious buying as consumers face slowing wage growth and a prolonged property crisis.
The rise of secondhand shopping signals changing consumer behavior in China, the world's second-largest economy.