China's Illusory Middle Class Market

In spite of the mainland's economic growth, experts say determining whether the middle class is a myth depends on how you crunch the numbers

China has made great economic progress in just over two decades, yet growth so far has been driven by heavy investment. For it to continue at the current pace, the general consensus among economists is that consumption needs to increase - but it is difficult to say just how many Chinese are in a position to drive this consumption.

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