Hitting the poverty line in China can be quite terrifying.
I have a relative who bought a house in the provincial capital when I was still in school.
Later, he bought a second and third house, opened a shop, and invested in storefronts.
I still remember one Chinese New Year when he rolled down his window in his BMW to greet me.
Until this year, I heard he defaulted on his mortgage on his new house, sold his BMW, and bought a new energy vehicle to drive for Didi.
It's clear that each generation has its own challenges; nothing is permanent.
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