China’s economy is hit with middle class homelessness

China’s economy isn’t doing well. Recently, complaints about layoffs and difficulty finding work are ubiquitous on Chinese social media. China may be experiencing the highest unemployment since the 1990s. However, today’s joblessness is more detrimental because it may directly translate into homelessness due to China’s overpriced real estate market and high mortgage payments. Meet a middle-class Chinese family that has become homeless.

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