China’s superrich are losing their faith in the country’s financial future as fears around the impacts of slowing global trade and slowing economic liberalization cause worry.
A new survey found that just over a third of China’s superrich described themselves as “very confident” about the future of the Chinese economy. That’s less than half the number who said the same two years ago.
Some rich citizens are even scared that China could end up following the same path as the once prosperous Venezuela, according to The New York Times.
*CHINA SAYS NEEDS TO BRACE FOR `TOUGH' ECONOMIC BATTLE
*CHINA TO FURTHER CUT SMALLER BANKS' REQUIRED RESERVES IN 2019
This is battle stations
— Real Vision Research (@RVAnalysis) March 5, 2019