Households aren't broke, the available data indicate. They're just exhibiting a reluctance to spend. Flurries fall earlier this month at a shopping area in Beijing. On paper, China's middle class ...

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. China's middle class has grown explosively in the past twenty years. In 2000, roughly 3% of the ...

China's middle class is sitting on a mountain of cash, but they're refusing to spend it. Bank deposits are surging, interest rates are near zero, and yet households are tightening their wallets.

Three years ago, everything seemed to be going right for Blake Xu. The 33-year-old entrepreneur and his family had built a portfolio of properties during China’s real-estate boom. His wife was ...

On paper, China’s middle class should be spending. Savings are high. Bank deposits are swelling. Interest rates are falling. If anything, conditions look primed for a consumer boom. Instead, something ...