China’s Real Estate Meltdown Is Battering Middle Class Wealth

(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 StrategyNetanyahu, Under Pressure Over Hostage Deaths, Vows to Press On‘Underwater’ Car Loans Signal US Consumers Slammed by High RatesCanada to Announce 2035 All-EV Sales Mandate, Reports SayUS Navy Shoots Down 14-Drone Wave as Shippers Avoid Red Sea“It’s