A tale of two mega-cities’ informal economies

Global Business

Times Square is one of the world’s top tourist destinations, where tourists are pretty much guaranteed to run into some pretty famous characters. But as CCTV’s Karina Huber shows, it’s not always a pleasant experience.

Follow Karina Huber on Twitter @kkat31

After Shanghai shut down its Pengpu night market earlier this year due to traffic and sanitation concerns, many vendors have found a new place to set up their businesses. They are now renting space at a shopping center in Baoshan. ICS reporter Yuan Chenyue has more.

For more on the issue, CCTV America spoke to Annette Kim, Associate Professor at the University of Southern California.