The Chinese bazaars of Mallorca are starting to close. And that is promoting all kinds of theories in social networks

Tiktok is one of the 21st century forumsone with great viral potential. Give people like the Spanish adventurer who is Traveling to Japan with a 1998 Fiat OA the Carbon mines influencers In Australia. It also amplifies news such as that the Chinese bazaars of Mallorca are closing their doors in mass.

And it is true: there are Chinese shops closing, and it is something that has generated so much noise that has resulted in the most varied conspiracy theories. Reality is much simpler.

Bazaars closing. How our partners point out TRENDENCESsome profiles on Tiktok have shared videos in which some of these Chinese businesses are seen as if a hurricane had passed. In the profile ‘INSELNEWS‘The’ Bazar Gran Wok ‘is shown with a message that points out that, “by definitive closure, the owners decided to give everything in the premises.” In the one JULIOBASTIVV There is also talk of this.

And entering the comments of those videos is a curious exercise.

Theories of the great leak. There are several lines in this matter. On the one hand, those that point out that Chinese citizens are running out of tax advantages and will have to start paying taxes (although They already pay taxes if they have a business in Spain). Other theories point to the arrival of Digital eurosomething that is still in development.

There is no lack of comments that suggest that the Chinese know something that the rest of the people not, to the duty Oa one imminent war. In Chinese Tiktokers profiles like ‘Jinjunyin‘, creator of the Pódcast’ Sounds Chinese ‘, we can also see comments in videos that do not deal with the issue in which they ask for explanations for the exodus and even pray that they do not leave the country. Other Chinese users of the social network laugh directly from the matter.

@choumia04

Are the Chinese closing their stores in Spain? Why are their stores closing? 🤔 #Chinese #store #Spain #business #for you #fyp

♬ Original sound – Choumia

Feet on the ground. To answer that question of “why all of Spain leave” that some users ask, we have contacted a Chinese association of the most affected area: Balearic Islands. Specifically, with the Chinese Association in the Balearic Islands. Its president, Fang Ji, tells us the same as they already communicated a few days ago for Instagram: That, in effect, in recent months they have observed that some businesses run by Chinese entrepreneurs have closed or are liquidating the stock.

There is no single cause and points out that “the reasons behind these decisions may vary according to the business”, but that three cases stand out:

• Inflation and consumption changes. It is evident on an island where the price of housing is absolutely triggered, even with Garages Costo 185,000 euros (with whom you would buy a house in other locations). “The increase in rent and supplies costs, as well as changes in consumption habits have affected many small businesses, not only those of the Chinese community,” he says.
• Administrative changes. Another case is the hardening of certain tax regulations that have meant an additional difficulty for the business. Entrepreneurs comment that adapting to these changes requires an investment that is not always viable for all.
• Personal. Finally, Fang Ji points out that there are other businesses that have simply closed to reorient the business or for commercial reasons. “Pandemia and economic changes have led many entrepreneurs to rethink their future and want to explore other opportunities,” he says.

Cocktail. Therefore, it is not that another pandemic is coming or a war with China is coming, but that it is the result of a set of situations that is causing this situation, highlighting the Very high price of the ground in the Balearic Islands and online trade. The region is at the head of the regions in which More expensive It becomes the owner. Calculations such as Idealistic They point to buy a square meter in Palma costs about 4,600, 18.5% more than a year ago.

On the other hand, there are fast fashion businesses such as Sheinbut also the Temu And similar, which in some cases are a missile to the flotation line of some of these shops of Chinese entrepreneurs focused on day -to -day objects or clothing.

And, as Fang Ji said, this is something that affects small trade in general, but when he adds to the climbing of the land price in some places, the cocktail can be difficult to digest.

Image | JInocrates

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