Young Chinese people resort to ‘refined poverty’ amid housing crisis
REPORT
20 Feb 2024
Young Chinese people resort to ‘refined poverty’ amid housing crisis

China’s top developers face scorn from the nation as they file for corporate default, leaving homeowners-to-be far from the promised land. As the Chinese youth are caught between a housing crisis and long-standing expectations of home ownership, they have resorted to living in ‘refined poverty.’

Ivan Yin

Ivan Yin (⁨印显骏⁩) is a sales representative and project consultant at Yekalon Industry Inc, a world-leading integrated solution provider of building and decoration materials. He has over five years of experience in domestic project execution and over eight years of overseas project execution. He has managed more than 100 projects globally, especially in Australia, Eastern Europe, Southeast Asia, South America, and Africa. He oversees engineering, design, budget management, production line, and job site teams to help his clients find product and project solutions.

Zhang Wei

Zhang Wei is a backend software engineer in one of the largest internet technology companies in China. He has two years of work experience in building and maintaining real-time IM systems for millions of users for a popular Chinese social networking platform.

Gwyneth King

Gwyneth King is a multimedia storyteller based in Metro Manila, Philippines, with a BA in Communication Arts from De La Salle University. She is a curious human who translates her perspectives on the lived experience into writing, often intertwining her sentimentality and tenderness between the lines.