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    chinosguayacos
    chinosguayacos
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    Rising Costs and Online Shift: The Real Reasons Behind Business Closures in Spain, Explained by a Chinese Entrepreneur

    Madrid, Spain – A recent video by TikTok user @chinosguayacos has shed light on the economic realities facing Chinese-owned businesses in Spain, aiming to clarify widespread misconceptions about their closures. The content creator, who identifies as Chinese but was born and raised in Madrid, explained that the trend of closures is not unique to Chinese establishments but is a broader consequence of rising operational costs and the increasing dominance of online retail. According to the video, the primary factors contributing to business difficulties include escalating living expenses, higher rental costs for physical premises, and the overall increase in prices for goods and services. "Everything has gone up," the content creator stated, addressing comments about rising prices in Chinese bazaars. "It's normal for any physical store, not just Chinese ones, to have to raise their prices." This sentiment resonates with many small business owners across Spain who are grappling with similar challenges. The speaker also highlighted the significant impact of online commerce, noting that platforms like AliExpress offer more competitive prices due to lower overheads, as they don't incur expenses like rent, utilities, or gasoline. He emphasized that the shift towards online shopping and technological advancements, including artificial intelligence, are transforming the retail landscape, making it increasingly difficult for traditional brick-and-mortar stores to thrive. Furthermore, the video sought to dispel unfounded rumors and conspiracy theories circulating about Chinese businesses. "Forget about those silly ideas that we're leaving because of a pandemic or a war, or digital currency," he urged viewers. He underscored that the vast majority of Chinese business owners who have established their lives and businesses in Spain for decades are committed to staying. He concluded by reminding viewers that immigrants often leave everything behind in their home countries to seek a better life, and their business ventures are driven by the same desire for sustenance and success as any other entrepreneur.

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