1. Population decrease: With the bankruptcy of STX Group, a leading local enterprise, the population decreased sharply, which led to the unfinished real estate projects and presented a "ghost town" scene.

2. Unfinished housing: Many real estate projects on Changxing Island could not be completed due to the break of capital chain and the escape of developers, leaving a large number of vacant houses and buildings, which also left the impression of "ghost town".