China overtakes US, now has world’s largest middle class
ZURICH: China’s middle class has overtaken the United States to become the world’s largest, Credit Suisse said Tuesday in its latest report on global wealth.
Asia will be the scene for the greatest expansion of the world’s middle class, it predicted.
The Swiss bank said with 109 million adults “this year, the Chinese middle class for the first time outnumbered” that in the United States at 92 million.
, but no freedom.
But in our country it is the reverse trend of middle class people are going into poverty line with the acche din policies of the present Government by imposing several direct and indirect taxes on their hard earned income and lowering interest rates on their savings in teh form of fixed deposits so as to make the billionaire business people of this country to compete with other people in the world to occupy higher positions in wealth..
middle class in Us and China are not same anyway
Middle class is actually a very big strength and if properly used by any country can dictate terms to a lot of companies
INDIA HAS MOST MIDDLE CALSS BUT THOSE WHO HOLDING BLACK MONEY…
India has largest slumdog millionaire. Those have no brain to agitate non-violently againt local, district, state and national level to improve their own living standards
India must be having the largest poor and largest rich (Do not ask how they acquired the wealth ) defying even Pareto
Obviously? Because of China’s one child policy has made the married couple to own property of both parents and Chinese have been working hard for the past 30 to 40 years?
India is hot on the trail.