A cleaner wipes the glass outside a store of luxury brand Prada in Qingdao city, Shandong province. China now has a middle-class population of 109 million. Photo: EPA A cleaner wipes the glass outside a store of luxury brand Prada in Qingdao city, Shandong province. China now has a middle-class population of 109 million. Photo: EPA
A cleaner wipes the glass outside a store of luxury brand Prada in Qingdao city, Shandong province. China now has a middle-class population of 109 million. Photo: EPA

China’s middle-class overtakes US for first time as global inequality grows

A report by Credit Suisse finds half the world’s wealth is in the hands of just 1 per cent of the world’s population

A cleaner wipes the glass outside a store of luxury brand Prada in Qingdao city, Shandong province. China now has a middle-class population of 109 million. Photo: EPA A cleaner wipes the glass outside a store of luxury brand Prada in Qingdao city, Shandong province. China now has a middle-class population of 109 million. Photo: EPA
A cleaner wipes the glass outside a store of luxury brand Prada in Qingdao city, Shandong province. China now has a middle-class population of 109 million. Photo: EPA
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