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Home / South China Morning Post / China’s crackdown on education, property leave wealthy in crisis mode, and some are looking for an escape route

China’s crackdown on education, property leave wealthy in crisis mode, and some are looking for an escape route

Summary:
[unable to retrieve full-text content]Wealthy and middle-class Chinese families have long shared a common perception of what constitutes a successful life.At the forefront of those criteria are the ownership of a home – an asset that will continue to appreciate – and the means to provide their children with a better education than most of their peers receive, with an eye on being admitted to a prestigious university.But recently, cracks have appeared in the foundation that underpins those beliefs and goals. The year’s third quarter…

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He Huifeng considers the following as important:

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[unable to retrieve full-text content]
Wealthy and middle-class Chinese families have long shared a common perception of what constitutes a successful life.At the forefront of those criteria are the ownership of a home – an asset that will continue to appreciate – and the means to provide their children with a better education than most of their peers receive, with an eye on being admitted to a prestigious university.But recently, cracks have appeared in the foundation that underpins those beliefs and goals. The year’s third quarter…

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