The BBC reports on the Chinese government’s efforts to foster an expanding middle class in order to help the country achieve rapid economic growth: “In the booming eastern cities there is a confidence and energy in the air – thick as it is with the dust from countless building sites – that suggests plans for a further quadrupling over the next two decades are well on course. By then – or somewhat later, depending on whose methods of measurement you trust – China will have overtaken the United States to become the world’s largest economy, thus regaining a position it held for much of human history… Said student David Zhang…, “I used to want to move to the US and have a beautiful house with green grass in front of it. But now I think this kind of thing can be achieved in China, in my own culture.”
The full report is here.
