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    The China thread.
    #11
    A good article on China's growing middle class.

    Quote:BEFORE the late 1990s China barely had a middle class. In 2000, 5m households made between $11,500 and $43,000 a year in current dollars; today 225m do. By 2020 the ranks of the Chinese middle class may well outnumber Europeans. This stunning development has boosted growth around the world and transformed China.
    ...
    The hardline Mr Xi is widely admired in China as a strongman and a fighter against corruption. Few middle-class Chinese people say they want democracy, and not just because speaking up might get them into trouble.
    ...
    Scratch the surface, however, and China’s middle class is far from content (see our special report in this issue). Its members are prosperous, but they feel insecure. They worry about who will look after them when they grow old; most couples have only one child, and the public safety-net is rudimentary.
    ...
    Many middle-class Chinese are also angry. Plenty scoff when they are force-fed Marxism. Even more rage about corruption, which blights every industry and activity, and about nepotism, which rewards connections over talent and hard work. Nearly all fume about pollution,...

    WWW.ECONOMIST.COM
    225m reasons for China’s leaders to...
    The Communist Party tied its fortunes to mass affluence. That may now...

    Progress might have been all right once, but it has gone on too long -- Ogden Nash
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    #12
    How China Is Changing Your Internet | The New York Times

    In China, a sheltered internet has given rise to a new breed of app, and American companies are taking notice. What was once known as the land of cheap rip-offs may now offer a glimpse at the future.
    (More info in the Info section of the youtube video)


    Progress might have been all right once, but it has gone on too long -- Ogden Nash
    Reply





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