Posted inBeijingChinaGuangzhouMiddle EastShanghaiWorld

Trade war fallout descends on China’s nouveau riche

They are in the frontline of the trade war with the United States, caught in the suppressing crossfire. But so far, China’s 250 million middle class has proved resilient to successive rounds of tit-for-tat tariffs. For many, the clear and present danger comes from the fallout of this new economic Cold War, which has wiped […]