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Stock investments: down 30 percent. Salary package: down 30 percent. Investment property: down 20 percent. As Thomas Zhou reflects on 2023, his household finances are front of mind. “It’s just heart-breaking,” the 40-year-old financial worker from Shanghai said. “The only thing that still keeps me going is the thought of…
(Bloomberg) -- Stock investments: down 30%. Salary package: down 30%. Investment property: down 20%. As Thomas Zhou reflects on 2023, his household finances are front of mind. Most Read from BloombergUS Frackers Return to Haunt OPEC’s Pricing StrategyCanada to Announce 2035 All-EV Sales Mandate, Reports SayDimon’s Heir at JPMorgan Still Hazy as ‘Five More Years’ Tick ByNetanyahu, Under Pressure Over Hostage Deaths, Vows to Press On‘Underwater’ Car Loans Signal US Consumers Slammed by High Rates“
China News: Middle-class households in China, like Thomas Zhou in Shanghai, are facing financial challenges due to the decline in stock investments, salary packag