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

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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
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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.