It depends on the definition of "middle class".
Most of my Chinese friends and I believe such an international definition,
For a 3 or 4 members family,
- At least one parent has a university education, and of course a full time job
- Living in a modern apartment, >80m2 with bathroom, kitchen, and fully equipped
- Having their own family car, or with a serious plan to buy one within 1 or 2 years
- Otherwise, has convenient access to modern mass transit system
- At least one of the members has air or high speed train travel experience
I personally believe there are at least 300 million Chinese belong to such a class and growing rapidly. I think most of them are civilian workers, armed forces officials, public school teachers, state owned company employees, foreign company employees, large scale private company employees......
They and their wives/husbands, and children.
And a big joke with many western authors, they keep claiming China is a nation "totally dependent" on export. Chinese export has been successful but it is laughable to believe a 1.3 billion country can grow that fast that long by export only, especially when the Chinese families are now buying cars equal to the American, Japanese and German combined.
The real problem is the Chinese statistic, it is totally a tragedy.
But different from the common idea on this forum, in fact the Chinese official statistic seriously underestimate the country's GDP, especially for the consumption and service sector.
I hope i can share more on this issue when i am freer with my time..
wig wrote:sir, if they manage to turn the economy inwards, it follows that the chinese will get into self actualisation mode. i do not think that the CCP would desire the chinese people moving on that path. right now the maximum wealth is concentrated in the hands of persons who are lineal descendants of communist party leaders.
The scions of the party might be the wealthiest members but their middle class is by no means small. The latest ADB report puts the Chinese middle class at over 810 million with annual spending power of $1.8 trillion. By comparison, our numbers are 205 million with yearly expenditures of $256 billion.
As long as the communist party is getting wealthy on the current path they will not veer from it. But it would be a mistake to believe that it is not making the rest of Chinese wealthier as well.