China's middle class is starting to look a lot like America's, and that's not a good thing
While real estate is important for wealth-building in both the US and China, the role homeownership plays in each country is not comparable."The role of real estate for wealth and social standing in China is significantly different than it is in the US. If you don't have a house, you're not going to get a wife," Zenglein said of China.
"It's not a one-to-one match," Zenglein said of the US and China middle classes,"but it's getting into an area where the similarities are increasing."Subscribe to push notifications
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