Total Economic Collapse: 90% of China’s Middle Class Is Gone as Businesses Panic-Sell Properties

"China’s Total Collapse: State-Owned Giants Are Selling Everything — 90% of China’s Middle Class May Be Wiped Out
China’s housing market, once the foundation of its economic miracle, is collapsing at breathtaking speed. Property prices in both top-tier and second-tier cities are plunging, wiping out the savings of millions of middle-class families. According to a survey by Peking University, more than 70% of Chinese household assets are tied to real estate — and in some families, that number exceeds 90%. Experts now warn that if home prices fall another 30%, over 90% of China’s middle class could effectively disappear.
This crisis has spread beyond individuals. Even state-owned enterprises — the pillars of China’s economy — are rushing to sell off vast amounts of property to survive. From Beijing’s wealthy Xicheng District to remote fourth-tier cities, state firms are dumping assets at record speed, a desperate move described by economists as “liquidation under debt pressure.” It’s not just a sign of financial strain — it’s a signal that even Beijing’s state-backed giants no longer believe in the future of the property market.


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