Skiers at the Genting Resort, in Chongli, Zhangjiakou city, Hebei province. The sport is still considered elite, affordable by the few. But by 2025 the country’s target is to have 78pc of urban households – 630m million – counted as middle class consumers. If Beijing achieves this, consumer spending will rise from US$10.7tr in 2011 to US$67tr. Photo: Simon Song
David Dodwell
Opinion

Opinion

Outside In by David Dodwell

China’s rising wages policy has a logical end game

By 2025 the target is to have 78pc of urban households, 630m million, counted as middle class consumers. If Beijing achieves this, consumer spending will rise from US$10.7tr in 2011 to US$67tr

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Skiers at the Genting Resort, in Chongli, Zhangjiakou city, Hebei province. The sport is still considered elite, affordable by the few. But by 2025 the country’s target is to have 78pc of urban households – 630m million – counted as middle class consumers. If Beijing achieves this, consumer spending will rise from US$10.7tr in 2011 to US$67tr. Photo: Simon Song
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