and now we can clearly see that there was never going to be a middle class in China. Too much money stolen and given to communist party (and now the dictator).
"Seventy percent of young adults in China are homeowners, according to a recent HSBC survey. The study, which looked at more than 9,000 people born between 1981 and 1998 in nine countries, found that the home ownership rate of Chinese millennials is nearly double the global average."
> By the end of the decade, there will be more than 30 million more adult men on the dating market than women. [...] “Parents and grandparents will often pool their money together to invest in that child by buying a property in that child’s name.”
You claimed that there is no Chinese middle class. Are you saying home ownership is not a sign of middle class? I did not claim China is rich or even well off by US standards.
China has already bailed out several upper tier cities housing markets several times. This is not the measure of economic health people take it for, at least, not in the current regulatory environment of China.
