China’s new generation has a very different mentality, more akin to American counterparts, in the sense of living on borrowed money, and spending on a luxurious lifestyle. Photo: Bloomberg

Uncertainty haunts China’s middle class

Beijing may have to think again about domestic consumption being the main economic driver as rising debt levels take their toll on willingness to spend

Topic |   China economy

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China’s new generation has a very different mentality, more akin to American counterparts, in the sense of living on borrowed money, and spending on a luxurious lifestyle. Photo: Bloomberg
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