Chinese Upper Class Growing

From China Daily:

More than half of nearly 800 wealthy Chinese recently polled believe the widening gap between the rich and poor is also creating an emerging upper class in the country.

The survey, carried out by lifestyle magazine Best Life, interviewed 792 rich Chinese in 62 cities from 27 provinces through local chambers of commerce. Those interviewed were private entrepreneurs with personal assets of more than 10 million yuan ($1.4 million).

More than 80 percent of those polled also said the income gap between rich and poor in the country was too wide, the magazine reported this week.

“In recent years, the huge gap between rich and poor has become an indisputable fact in China,” Li Wei, director of the social development department at the Chinese Academy of Social Sciences (CASS), told China Daily Wednesday.

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