China’s middle class a growing, positive force
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.