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The 3 burdens for China’s middle-class

This three-part series explores the current state of consumption across China, including a look at the expenses that many families find most pressing.

Updated: 15 Aug, 2023
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[1]

China’s parents splurge to give ‘gold-swallowing beasts’ an educational edge

Two years after a tutoring crackdown sent China’s parents scrambling to ensure that their children would not be mediocre, study trips and summer camps are finding success while private tutoring services have gone underground.

15 Aug, 2023
Children can cost a small fortune when parents splash out on every opportunity to improve the odds of sending their kids to a respectable university that might lead to a good job. Illustration: Lau Ka-kuen
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[2]

China’s medical spending grows as population ages but insurance fund risks loom

In difficult economic times, Chinese people have become increasingly reluctant to tap into their savings, but healthcare costs are on the rise as the population gets older and people invest more in their well-being.

16 Aug, 2023
Chinese people are investing more in their health and living longer, leading to greater medical expenses that strain the welfare system while boosting consumption and vitality. Illustration: Davies Christian Surya
[3]

‘Hang on to cash’: China’s would-be homebuyers opt to wait out housing downturn

Many are calling for a loosening of home- and car-buying restrictions that major cities such as Beijing have imposed for years, to help avoid a hard landing in the property market that would have deep economic implications.

17 Aug, 2023
Many cash-strapped potential homebuyers in China are fearful of taking a bath in the turmoil-stricken property sector. Illustration: Davies Christian Surya