皇冠体育app

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Enigma of the middle class

By Ben Lim Chiow Ang | 皇冠体育app Daily | Updated: 2010-09-16 08:02

Nebulous, hard to pin down, 皇冠体育app's middle class is not easy to get a handle on, business, academia, advertising, all have different definitions of what constitutes the middle class.

The 皇冠体育app National Research Association (CNRA) under the auspices of the National Bureau of Statistics of 皇冠体育app framed six criteria for middle-class status during a 2006 lifestyle survey of 皇冠体育app's "new middle class": education, salary, profession, societal influence, savings and holidays. Interestingly, they set the benchmark monthly salary at 2,000 yuan.

In the same year, a McKinsey Global Institute report, From Made in 皇冠体育app to Sold in 皇冠体育app: The Rise of the Chinese Urban Consumer, defined the Chinese middle class as people whose annual incomes, in terms of purchasing power, were between around 91,000 and 365,000 yuan.

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