Officially about 400 million Chinese are categorised as middle income, but Beijing wants to boost that number significantly over the next 15 years. Photo: EPA-EFE
Officially about 400 million Chinese are categorised as middle income, but Beijing wants to boost that number significantly over the next 15 years. Photo: EPA-EFE
Economy /  China Economy

China looks to boost middle class as it wraps up Xi Jinping’s anti-poverty drive

  • China’s ruling Communist Party wants to ‘significantly expand’ the number of middle-income earners by 2035 to continue strong economic growth
  • Boosting its middle-income group will also help Beijing implement its new ‘dual circulation’ economic strategy by unlocking domestic demand

Topic |   China economy
Ji Siqi
Ji Siqi

Updated: 1:55pm, 1 Dec, 2020

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Officially about 400 million Chinese are categorised as middle income, but Beijing wants to boost that number significantly over the next 15 years. Photo: EPA-EFE
Officially about 400 million Chinese are categorised as middle income, but Beijing wants to boost that number significantly over the next 15 years. Photo: EPA-EFE
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