The ‘Lucky Generation’, those who grew up in the midst of China’s spectacular economic rise and opening up, are worried about their shrinking purchasing power. Photo: Washington Post

China’s affluent middle-class growing increasingly anxious as prices rise and yuan drops

  • The ‘Lucky Generation’, those who grew up in the midst of China’s spectacular economic rise and opening up, are worried about their shrinking purchasing power
  • Beijing is counting on consumer spending to help bolster economic growth amid the trade war with the United States, but purchasing power is under threat
Topic |   China economy

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The ‘Lucky Generation’, those who grew up in the midst of China’s spectacular economic rise and opening up, are worried about their shrinking purchasing power. Photo: Washington Post
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He Huifeng

He Huifeng

He Huifeng is an award-winning journalist and has been focusing on mainland news reporting since 2001 for several overseas media. She has gained an in-depth knowledge of political, economic and social issues on the mainland through years of close observation, which has given her a love for journalism in the field.