Impressive Growth as China's Middle-Income Population Exceeds Half a Billion
Sunday, 3 March 2024, 11:00
China's Middle-Income Population Exceeds 500 Million
The latest data from China's state-owned newspaper reveals that the middle-income population in the country has surpassed 500 million, demonstrating a remarkable growth rate.
Rise of 100 Million in Five Years
China's middle-income group has expanded by 100 million individuals within a span of five years, indicating a notable progression in the nation's economic landscape.
The authorities are currently focusing on boosting domestic consumption to drive economic growth and capitalize on this substantial demographic shift.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.