CHINA- ECONOMY: CHINA'S NATIONAL BUREAU OF STATISTICS ESTIMATES MIDDLE CLASS

China's National Statistical Bureau estimates the number of China's middle class at nearly 400 million, less than a third of the population. It defines a middle-class household as one making 25,000 yuan (US$3,640) to 250,000 (US$36,400) yuan a year – a fairly low threshold. The US investment banking company UBS and PricewaterhouseCoopers, however, in 2015 narrowed it to 109 million Chinese with wealth of between US$50,000 and US$500,000 – a relatively high standard. Per capita wealth has risen from US$156 in 1978 to nearly US$10,000 today.

(Comment:  China's tax regime includes a standard 17 per cent value-added tax and a maximum 45 per cent personal income tax.)







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