Viewpoint: The Two Faces of China’s Emerging Middle Class
by Jacky Jin, Visiting Scholar ‘07
According to China’s National Statistics Bureau, 24.5 million households with a total of 75 million people became middle class families in 2005. The Chinese Academy of Social Sciences states that they earned annual incomes as high as $10,000, while a report published in December 2005 from the Boston Consulting Group and the Wharton School documents middle class earnings above $8,700.
China’s central government informally supports the interests of the middle class through favorable tax policies and employment opportunities. But Party authorities have not formally legitimized this social group and show some concern about whether its emergence could trigger attempts to change the political system. Some experts predict that the rising middle class poses a hidden threat to the Communist Party’s (CPC) current regime. (more…)







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