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
Topic |
China economy
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