Core Insights - The hairdressing industry in China is experiencing a significant wave of closures, with approximately 700,000 shops shutting down, indicating a major crisis within the sector [1] - Despite the high demand for hair services, many new investors are facing rapid failures, with reports of individuals investing 200,000 to open a shop only to close it within three months [1] Industry Changes - The mass closure of hair salons suggests a fundamental shift in the Chinese hairdressing market, raising questions about the sustainability of the business model [1] - The article highlights the paradox of a seemingly stable demand for hair services juxtaposed with the alarming rate of business failures, prompting an analysis of underlying factors affecting the industry [1]