China’s mid­dle class a grow­ing, pos­i­tive force

China Daily (Canada) - - NEWS CAPSULE -

China’s emerg­ing mid­dle class — es­ti­mated at about 100 mil­lion — has grown into a ma­jor force driv­ing the so­ci­ety in a pos­i­tive di­rec­tion, ac­cord­ing to a re­port by one of China’s top think tanks.

Slightly more than half the pop­u­la­tion in Beijing and Shang­hai fall in the cat­e­gory of “mid­dle class”, as does around 40 per­cent in Guangzhou, ac­cord­ing to re­search by the Chi­nese Acad­emy of So­cial Sci­ences.

Mid­dle class house­holds in the three cities earn an av­er­age in­come of around 200,000 yuan ($30,000) a year. And more than half have their own property and car.

T he re­port says China’s mid­dle class spend gen­er­ously on im­prov­ing their skills and knowl­edge as well as on ed­u­ca­tion for their off­spring. They also tend to travel a lot and read an av­er­age of 12 books a year, com­pared with less than five books for the na­tional av­er­age.

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