Chinese Citizens’ Household Wealth Squeezed by Booming Debt, Wage Disparity, Economist Says

Chinese Citizens’ Household Wealth Squeezed by Booming Debt, Wage Disparity, Economist Says
A child plays along a railway at a shanty town where residents will move into low-rent apartments provided by the government on March 11, 2009 in Shenyang of Liaoning Province, China. China Photos/Getty Images
|Updated:

Many of China’s ordinary citizens are just barely making ends meet, because of debt concerns and income disparities, according to an now-deleted article published by a researcher at the China-based think tank Suning Institute of Finance.

Fu Yifu, who does macroeconomics research, published an article that analyzes the divergent rates at which China’s economy has grown, compared with the growth of ordinary citizens’ household wealth. The post, which appeared on WeChat, a popular social media platform, has been deleted—likely because it did not paint the picture of prosperity that the Chinese regime would like.

Annie Wu
Annie Wu
Author
Annie Wu joined the full-time staff at the Epoch Times in July 2014. That year, she won a first-place award from the New York Press Association for best spot news coverage. She is a graduate of Barnard College and the Columbia University Graduate School of Journalism.
twitter
Related Topics