Emergence of the Chinese middle class and its implications.

From: Asian Affairs: An American Review | Date: June 22, 2006| Author: Li, He | Copyright information

With phenomenal economic growth, a middle class has emerged in China, and its size has been increasing rapidly. A recent survey by the Chinese Academy of Social Sciences (CASS) estimated that the middle class has swelled 1 percent every year since 1999 and included 19 percent of the population by 2003. (1) Some even predicted that the middle class can reach about 35 percent of the population by 2020 if the number continues to increase by 1 percent each year. (2) The economic and so...

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