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The cover of Where Does the Money Come From? A Wealth Plan for Chinese Families

Where Does the Money Come From? A Wealth Plan for Chinese Families

Xiang Shuai

A 2019 guide to Chinese household wealth. Xiang Shuai uses family stories and economic evidence to explain changing choices about work, cities, housing, and financial assets.

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5 parts, about 16 minutes to read.

Why read it

  • Traces how the old paths to household wealth changed as industry, services, and cities shifted
  • Shows why a job can build lasting skill even when machines take over some routine tasks
  • Explains housing value through a city’s future income, rent, demand, and the ease of adding homes

Who it is for

  • Workers weighing careers that let skills grow
  • Families comparing housing choices across cities
  • Readers curious about the link between the economy and asset prices

What the summary covers

  1. A new question for Chinese households2 min
  2. Choose work where skill can grow4 min
  3. Where a City Changes the Odds3 min
  4. Housing follows local fortunes3 min
  5. The economic winter of 20194 min

Recommended by

  • Luo ZhenyuFounder of Dedao App

About the author

  • Xiang ShuaiFinance scholar and former associate professor at Peking University Guanghua School of Management
    • 香帅本名唐涯，获麦吉尔大学金融学博士和英属哥伦比亚大学经济学硕士学位。
    • 她于2010年回国到北京大学光华管理学院任教，研究资产定价、宏观金融和行为金融学。
    • 她创办了“香帅的金融江湖”公众号，向非专业读者讲述金融知识。

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