Core Insights - The piano, once a staple for the middle class in China, has seen a significant decline in popularity, with 60,000 stores closing in three years and second-hand pianos selling for only a few thousand yuan without buyers [1] Industry Overview - The rise of the piano in China was linked to its status as a symbol of cultural and educational achievement, appealing to middle-class families [1] - The current decline in interest may be attributed to changing consumer preferences and the oversaturation of the market, leading to a significant drop in demand [1]