MCLC: China's middle class collapsing

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China’s middle class collapsing
Source: Chinascope (4/17/17)
Caixin: Social Structure Study Found China’s Middle Class Collapsing
Well-known Chinese financial news media group Caixin recently reported that a recent professional social structure study called, “The Middle Class Transition Tier and The Edge Tier” found that 19.12 percent of China’s population is Middle Class. Of those, 73 percent are very close to the borderline that divides the Middle and the Lower classes. The study was based on a model established under the International Socio-Economic Index of Occupational Status (ISEI). The sample size was 683,291 employed people who are between the ages of 16 and 64. In addition to the Middle Class, China has an Upper Class of 5.62 percent of the population and a Lower Class of 75.25 percent. In the Lower Class, 4.4 percent (of the entire Chinese population) was in the “Transition Tier” that is very close to the Middle Class line, and in the Middle Class, 13.9 percent was in the “Edge Tier” that’s slightly above the same dividing line. The entire population’s 13.9 percent is 73 percent of the Middle Class population. The study also found that the bigger a city is, the more people are in the Middle Class Edge Tier. In cities with more than 10 million residents, 25.35 percent of the city’s population is in the Middle Class Edge Tier.
Source: Caixin (April 17, 2017)
http://china.caixin.com/2017-04-17/101079210.html
by denton.2 at osu.edu on April 29, 2017
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