China’s Middle Class Breaks Down Crying! Assets Zeroed Overnight, Back to Poverty (RE-UPLOAD)

RE-UPLOAD
The Chinese middle class is the most reactive to changes in society and serves as a barometer for assessing the current Chinese economy. In 2024, China's middle class faced a severe crisis of reverting to poverty, confirming that the CCP's macroeconomic policies have entered an irreversible downturn.
#chinaobserver
All rights reserved.

[zeorhymer]

What these people fail to understand is that if they are paying a loan, they don’t own the property. None of those things are assets, they are liabilities.

[Collective]

30 million yuan is USD 4.2 Million, thats not middle class by any means

[Jack-It-UP]

Great reporting, but so sad, my heart goes out for the Chinese people thanks.

[tindrums]

They dont own the land, it is owned by the state... real estate is then absolutely speculative.

[rayc]

I read the title as “Asses wiped out overnight”

[mattdeinken]

I'd hate to invest in a home and then find out your home is crap and falling apart

[sarahbarnes]

America wake up cuz this is coming here too!

[Cutesticles]

China is marked by centuries of suffering and despair, with mass starvation of millions.
Did anyone believe modern China would be any different?

[SAM_Felipe]

Unlike the US, China is an investment dependent economy. If you restrict foreign direct investment, China will suffer.

[bolitapelona]

When will we all realize that the Banks are playing us all?

[gluttonylust]

thats the middle classs.. imagine the people below middle.. now to live is a miracle

[snowps]

This is happening to the middle class the world over.

[herm]

And the U.S doesn’t know what to do with all of those millions of homeless people. Where we are going is a whole world??

[_Sizzin]

This video reminds me of something I once heard from a financial advisor that I follow, that people that earn a bit more than the average population ends up thinking they're rich and starts to act like one, buying expensive cars and clothes, living in expensive houses... They have a life standard that they can barely hold on to and the moment they stumble, the whole thing comes crashing down.

[anomalythinking]

Never buy stocks on a personal tip, never take payments via yellow post-it notes either, don't buy Chinese stocks, don't buy Chinese real estate, don't put your money in the kitchen disposal machine. All these have the same end result = LOSS

[crazychina]

Multimillionaires are not middle class... wtf

[EduardQualls]

*With 900 million people living on no more than ¥2000 (US $282) a month, where's the CCP's "middle class"?*

[jchan]

Everybody chasing the same things and wonder why everything went wrong.

[DrMatey]

Stock players are like compulsive gamblers.

[Mexicanb]

"in assets"
houses should be to live in
not to be used as a bank...