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China to boost middle class to more than 50% BEIJING -- China hopes to grow its middle class to more than half of its population by the end of the next decade, a Communist Party planner said Wednesday. The goal is part of quadrupling China’s per capita gross domestic product by 2020, said Zheng --inli, vice minister of the Communist Party’s Central Policy Research Office. A bigger middle class will also challenge the government to provide greater social security and services and better education systems, Zheng said. “A growing middle income population will ensure that more people will benefit from reform so that our reform will be endorsed and supported by more people,” Zheng said. Middle class is classified by the government as a family with a household income of between 60,000 yuan (US$8,000, euro6,000) and 200,000 yuan (US$27,000, euro19,000) a year, Zheng said. |
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