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China’s property price declines in lower-tier cities take heavy toll on middle class

Summary:
[unable to retrieve full-text content]Like countless parents throughout China, those of 34-year-old Yuan Yin want to do everything they can to support him and his future wife as they prepare to get married.But the weakened property market in Sheyang county, Jiangsu province, is making it difficult to pull together a wedding dowry – marriage expenses traditionally offered by the groom’s family in the country.Yuan is a migrant worker, living and working as a freelance photographer in Guangzhou – nearly 1,700km (1,056 miles) away from…

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[unable to retrieve full-text content]
Like countless parents throughout China, those of 34-year-old Yuan Yin want to do everything they can to support him and his future wife as they prepare to get married.But the weakened property market in Sheyang county, Jiangsu province, is making it difficult to pull together a wedding dowry – marriage expenses traditionally offered by the groom’s family in the country.Yuan is a migrant worker, living and working as a freelance photographer in Guangzhou – nearly 1,700km (1,056 miles) away from…

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