Middle Class In China Essay

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A middle class household can be considered as one that earns between 10 and 60 thousand dollars annually. China’s middle class by 2022 is estimated to be at 630 million people. This is due to extreme economic growth rates sometimes achieving double digit GDP growth. However a problem is arising in these nations; their education institutions, infrastructure, healthcare and food security programs are outdated. The middle class also faces other difficulties. These include widening income gaps, wage reductions, and decreased social mobility, and decreased access to healthcare and nutrition. Even while these middle class populations have proven their strength, it is still extremely hard to foster continued growth. Many developing nations just don’t …show more content…

It houses a middle class population of approximately 300 million people. A massive shift is occurring to increase marketing and increasing urban middle class populations in China. Millions of people are being encouraged to move to the cities which will springboard economic growth through domestic consumption. In addition to urbanization and consumption, the PRC is investing in programs designed to boost infrastructure, healthcare and education. This includes new transportation technology, designed to make domestic trade more accessible. Also in this new infrastructure package will be new spending on broadband connectivity, expanding internet speed throughout the PRC and making education and online jobs more accessible for the Chinese population. In the healthcare sector the PRC is expanding healthcare insurance with basic medical schemes and new affordable health insurance. It is also investing 860 billion RMB (140 billion dollars) in a basic medical care upgrade program. China’s education system, already a high quality system, is also having new goals set to make it even more …show more content…

This is designed to spur middle class growth through key investments and development. This plan encompasses all of these to create a truly multi-faceted approach to assisting and growing the middle class. The first part of this plan is the supply section. This is designed to achieve sufficient supply of staple products such as food to raise the livelihood of the bottom line in developing nations, therefore raising the chances that more people will graduate to the middle class in said countries. Food security can be achieved through the following programs: food vouchers, cash and food for work initiatives, as well as cross border agreements on agriculture trade to increase supply. Additionally, new technologies, such as field monitoring equipment, can be utilized to assist farmers and increase their product output. China encourages decreased trade regulations and tariffs in creating a truly globalized market. The necessity of Foreign Direct Investment (FDI) in the carrying out of a government’s agenda clearly makes trade agreements a priority among the facets of created middle class growth. Investment is one of the most central aspects of the STIR initiative. Infrastructure, specifically broadband networks, power grids, and roads is vital. This infrastructure, if invested in, will allow citizens to use services through the internet and obtain internet based

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