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you invest. This is

CBS. I on the world. I'm John Batson.

with Corden-Chang at Corden-G-Chang. China's real estate meltdown is

battering middle-class wealth. This is Bloomberg, Asia.

Households forced to rethink money priorities as assets fall.

The summary, stock investments down 30%, salary package down 30%,

investment property down 20%. We welcome Ann Stevenson Yang to help us understand what the middle class and the upper class and the lower class can do what is being done for them by the Beijing government because of these plunges in asset value or as

Bloomberg puts it colloquially the Chinese dream is on hold and a very good day to you.

Thank you very much for joining us.

Anne is the author of the upcoming Wild Ride,

China's short-lived experiment in capitalism,

short-lived.

And the middle class is struggling. in capitalism, short-lived.

And the middle class is struggling, according to Bloomberg's summary.

...