China’s urban middle class have been among the biggest winners of the economic boom over the past five decades, but their confidence has been shaken by the recent slowdown. Illustration: SCMP Graphics
China’s middle class frets the ‘good times’ are over amid sliding house prices, stagnant wages
- The urban middle class have been among the biggest winners of China’s economic boom over the past five decades, but their confidence has been shaken
- China’s economic growth has slowed and their incomes and assets are taking a hit, with non-essential spending on cars, home appliances and private education cut
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China’s urban middle class have been among the biggest winners of the economic boom over the past five decades, but their confidence has been shaken by the recent slowdown. Illustration: SCMP Graphics