Beijing has long believed a sizeable middle class is integral
to China’s development. Official definition = monthly per capita income of more than 2,000 yuan
(~$290)/month. As of 2019,
only 31% of pop or 430 m qualify as middle income.
@PaulsonInst based on
Wan & Meng (2020) https://t.co/tzmsfskDEf
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…