China’s vulnerable middle class must work harder to maintain status quo, Beijing seeks urgent fix for indispensable cohort

For China’s middle class, things have never looked harder as they reflected on 2023 and peered ahead to the second year of what should be a post-pandemic economic recovery in 2024.

No signs have yet emerged to upend their frustration as the property market meltdown and free-falling stock market have continued to wipe out their wealth.