China’s property price declines in lower-tier cities take heavy toll on middle class

//China’s property price declines in lower-tier cities take heavy toll on middle class

China’s property price declines in lower-tier cities take heavy toll on middle class

Like countless parents throughout China, those of 34-year-old Yuan Yin want to do everything they can to support him and his future wife as they prepare to get married.But the weakened property market in Sheyang county, Jiangsu province, is making it difficult to pull together a wedding dowry – marriage expenses traditionally offered by the groom’s family in the country.Yuan is a migrant worker, living and working as a freelance photographer in Guangzhou – nearly 1,700km (1,056 miles) away from…

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By | 2021-03-21T08:30:18+00:00 March 21st, 2021|Business|Comments Off on China’s property price declines in lower-tier cities take heavy toll on middle class