Shanghai’s Top Earners: Young Party Members

According to a recent study conducted in the Shanghai municipality by Fudan University, members of the Chinese Communist Party represent a majority of the young adults in the city’s highest income bracket. From the South China Morning Post:

Once viewed as the angry generation, those born in the 1980s have settled down into family life, earning an average of 60,000 yuan (HK$75,450) per year in the financial capital, the poll by Fudan University found.

About a third of respondents made less than 3,000 yuan a month, while about half earned between 3,000 yuan and 10,000 yuan.

A tenth were deemed “high-income earners”, making more than 10,000 yuan a month.

It did not say how much more members of the Communist Party made compared to their colleagues without official affiliation.

But two-thirds of earners in the highest bracket were party members, the poll found. [Source]

Last October at the Wall Street Journal (via CDT), Rowan Callick warned that Xi Jinping was in for an uphill battle promoting Party membership to the younger generation, noting that for  for those representing the late-Generation X/early-Millenial generational cohorts, Party affiliation has become little more than résumé padding, or membership in the “ultimate fraternity.”

May 6, 2014 12:55 PM
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Categories: Economy, Politics