Many Parents Bankrupt, Unemployed: Chinese Overseas Students Struggle, No Money for School
Many Parents Bankrupt, Unemployed: Chinese Overseas Students Struggle, No Money for School
Udumbara
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For middle-class students studying abroad, the situation is much harsher. The three years of the pandemic and the zero-COVID policy have dealt a devastating blow to China's economy. Even after lifting the restrictions, there have been no signs of recovery; instead, the situation has worsened. The sluggish domestic demand and the real estate crisis directly impact many small businesses' survival and the incomes of the middle class. This has put financial pressure on many middle-class students studying overseas, with some no longer able to rely on their parents to cover tuition and living expenses.
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