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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US trade representative Robert Lighthizer (left), US Treasury Secretary Steven Mnuchin and Chinese Vice-Premier Liu He are expected to continue face-to-face talks in Washington in October. Photo: AFP

US must concede final 20 per cent of demands to agree trade war deal with China, leading Chinese expert says

  • Jin Canrong, an international relations professor at Renmin University of China in Beijing, says China had agreed to 80 per cent of a deal as far back as May
  • ‘Between 60 and 70 per cent’ chance of Chinese President Xi Jinping and American counterpart Donald Trump agreeing a deal in November if US can lower demands
Topic |   US-China trade war

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US trade representative Robert Lighthizer (left), US Treasury Secretary Steven Mnuchin and Chinese Vice-Premier Liu He are expected to continue face-to-face talks in Washington in October. Photo: AFP
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