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Waves of closures Begin and China's middle-class returns to poverty/Rights defense waves
Published on Mon, Apr 22nd 2024 News & Politics Rectangular HD
#Chinainsights#Chinanews
The middle class, as the most sensitive group amidst social changes, their situation is a yardstick to measure the current Chinese economy. In 2024, the middle class in mainland China is experiencing an even more severe crisis, namely, a storm of returning to poverty, highlighting that China's economic glory is no more and that China's macroeconomic situation has entered a downward spiral that is difficult to reverse.
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