In China, real estate prices have has also been climbing over the past two or three decades. Photo: Reuters
In China, real estate prices have has also been climbing over the past two or three decades. Photo: Reuters

China’s expanding middle class is starting to look a lot like the US’, but it’s not a good thing

  • Housing is increasingly unaffordable for China’s middle class, and household debt levels are rising
  • China’s middle class faces the real possibility of not being able to do better than their parents

Topic |   US-China relations
In China, real estate prices have has also been climbing over the past two or three decades. Photo: Reuters
In China, real estate prices have has also been climbing over the past two or three decades. Photo: Reuters
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