SCMP Spotlight: middle class in China and US fear losing their status
Inside China
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Challenges Faced by China's Middle Class and the Impact of Economic Factors
This chapter explores the challenges faced by China's middle class in maintaining their status and achieving further income growth, including economic stagnation, an aging population, US-China relations, and hobbled private investor confidence. It also discusses the impact of downsizing, job cuts, and sluggish markets on the income growth and anxiety of the middle class.
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