‘Let it rot’: Once-flourishing middle class faces end of ‘Chinese Dream’
An ever-growing middle class has been emblematic of China’s ascent ever since Deng Xiaoping kicked off the country’s economic transformation in the 1980s. That progress now risks being reversed as millions of people in China face rising living costs, fierce professional competition, a real estate bubble and sluggish growth.
An ever-growing middle class has been emblematic of China’s ascent ever since Deng Xiaoping kicked off the country’s economic transformation in the 1980s. That progress now risks being reversed as millions of people in China face rising living costs, fierce professional competition, a real estate bubble and sluggish growth.
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