Thinking About China
Opinion

The Chinese Dream Is Dying

The picture of a once-optimistic and enthusiastic Chinese middle class has changed with many now slipping toward poverty—sad for workers, dangerous for the CCP.
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The Chinese Dream Is Dying
A resident wearing a mask naps on a bench near the CCP's propaganda slogan "Chinese dream" in Wuhan, China, on April 1, 2020. Ng Han Guan/AP Photo
Milton Ezrati
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Commentary

No one measure can summarize, but the weight of evidence tells a sad story of decline. China’s once optimistic and confident middle class is losing ground and, in many cases, slipping back toward poverty.

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Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is “Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live.”
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