Creating Poverty! Middle Class Is Done! Over 26 Million Chinese Listed as Untrustworthy Debtors!

Creating Poverty! Middle Class Is Done! Over 26 Million Chinese Listed as Untrustworthy Debtors!

Creating Poverty! Middle Class Is Done! Over 26 Million Chinese Listed as Untrustworthy Debtors!

In recent years, the so-called "return to poverty crisis" among the Chinese middle class is attracting increasing societal attention. According to Forbes magazine, the middle class in China refers to city dwellers aged between 25 and 45 who hold a university degree, and whose annual income ranges from $10,000 to $60,000. By this definition, the Chinese middle class encompasses approximately 100 million people, which is a vast number. As per the Chinese Academy of Social Sciences, the middle class can be generally characterized as a group that has received a good education, has professional knowledge, possesses certain occupational abilities and consumption power, enjoys stable income and social status, is close to the minimum income level of the middle class, and is a group fraught with both anxieties and desires.