Wednesday, March 07, 2018
China's middle-income group important for the country
ANBOUND
He Lifeng, chairman of the National Development and Reform Commission (NDRC), recently said in the plenary sessions of the NPC and CPPCC that China's rapidly growing middle-income group does accounts for 400 million people, according to an incomplete statistics. It should be pointed out that middle-income group of 400 million people is both an important consumer group in China and an important source of motivation for China's economy in the future. At the same time, they are also an important part of China's social structure. Their appeals, values and policy aspirations should be the focus of China's policy department.