Yao Lee – Spring is Gone… The deterioration of the film stock here is poetry.

From Wikipedia:

Born Yáo Xiùyún (姚秀雲) and raised in Shanghai, Yao began performing on the radio in 1935 at the age of 13. When she was 14, she recorded her first single with Yan Hua (嚴華) called “New Little Cowherd” (新小放牛, Xin xiao fang niu). After being introduced by singers Zhou Xuan and Yan Hua, she was signed to Pathé Records when she was 16 in 1937, and the first record she released with the label was “Yearning for Sale” (賣相思, Mai Xiang Si).^[1]

She married Huang Baoluo (黃保羅) in 1947 and ceased performing on stage to devote time to her family. Following the Communist seizure of power in China in 1949, popular music was considered ideologically suspect and Yao fled to Hong Kong in 1950 to continue her singing career there. In addition to releasing hit records, beginning in 1955 with the film 桃花江 (Peach Blossom River), she often acted as a playback singer for movie superstars. Many of the featured songs would also become popular. She stopped singing in 1967 upon the death of her brother but took an executive position with EMI Music Hong Kong in 1969. In 1970, she returned to performing and travelled to Taiwan to perform there for the first time and sought unsuccessfully to sign Teresa Teng to EMI for the Hong Kong market. She retired officially in 1975 but remained supportive of singers such as Wakin Chau.