1. The Future of China and the Chinese Urban Middle Class
A major reason for the rise in economy of China had to do with the ownership, "The reforms also gave greater room for private ownership of production, and these privately held businesses created jobs, developed much-wanted consumer products, earned important hard currency through foreign trade, paid state taxes, and gave the national economy a flexibility and resiliency that it did not have before," (Khan and Hu). ... The Chinese urban middle class is broken down into five sections: party and state cadres, business managers, private entrepreneurs, professionals, and office staff (...
- Word Count: 3320
- Approx Pages: 13
- Has Bibliography
- Grade Level: Undergraduate