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Gold purchases have soared in China in recent years, with investors seeking safe-haven assets amid the weak stock market and ongoing property crisis, but a number of scams have been reported.
China’s crucial middle class, an oft-cited group of 400 million, may shrink in the absence of a strong economic recovery.
Now, on social media, the stars are not dudes with big cars, but people who've given up success for the good life.
President Xi Jinping has again urged entrepreneurs to give to charity and ‘share the fruits of growth’, but his message could find a muted reaction among private firms still recovering from three years of Covid uncertainty.
Some middle-class Chinese are making drastic cuts to their personal budgets amid an uncertain outlook for 2023, while their American counterparts are worried, but are taking it more in their stride.