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
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
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
