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China’s Real estate meltdown is hurting Middle class’s Wealth

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Chinese President Xi Jinping Offers Help To Fight India's Covid Crisis,  Writes To PM Modi
  1. Chinese households experiencing significant wealth decline: 30% decrease in stocks, 30% in salary, and 20% in property values.
  2. Real estate market meltdown impacting 70% of family assets tied to property, potentially erasing trillions in housing wealth with even a 5% price drop.
  3. Financial markets underperforming: Chinese shares lag behind peers, mutual funds in the red, trust industry facing potential crises.
  4. Shift to conservative investment strategies: Focus on wealth protection over aggressive wealth creation among middle-class and high-net-worth individuals.
  5. Emphasis on stability and liquidity: Priority given to safeguarding assets amidst job insecurity and economic uncertainties.
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