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China's middle class battered by real-estate meltdown and it 'might just be the beginning of more wealth losses'

Stock investments: down 30%. Salary package: down 30%. Investment property: down 20%. As Thomas Zhou reflects on 2023, his household finances are front of…

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China's Shrinking Household Wealth: Families Strive to Save Nest Eggs

China's Shrinking Household Wealth: Families Strive to Save Nest Eggs
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China's real estate meltdown is battering middle class wealth

Stock investments: down 30 percent. Salary package: down 30 percent. Investment property: down 20 percent. As Thomas Zhou reflects on 2023, his household finances are front of mind. “It’s just heart-breaking,” the 40-year-old financial worker from Shanghai said. “The only thing that still keeps me going is the thought of…

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China's Real Estate Meltdown Is Battering Middle Class Wealth

(Bloomberg) Stock investments: down 30%. Salary package: down 30%. Investment property: down 20%. As Thomas Zhou reflects on 2023, his household finances are front of mind. Most Read from BloombergUS Frackers Return to Haunt OPEC’s Pricing StrategyCanada to Announce 2035 All-EV Sales Mandate, Reports SayDimon’s Heir at JPMorgan Still Hazy as ‘Five More Years’ Tick ByNetanyahu, Under Pressure Over Hostage Deaths, Vows to Press On‘Underwater’ Car Loans Signal US Consumers Slammed by High Rates“

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