ZHENGZHOU, China—For the last decade, the city of Zhengzhou has been getting a taste of the Chinese dream. But an economic slowdown that began in late 2018 appears to have accentuated uncertainties in the city.
With momentum slowing across the board from real estate to the consumer and tech sectors, some here feel their chances of moving up the social ladder have diminished as the cost of living outpaces income growth. Once abundant opportunities now seem to be drying up.
