The explosive growth of chinas emerging middle class has brought sweeping economic change and social transformation and its not over yet by 2022 our research suggests more than 75 percent of chinas urban consumers will earn 60000 to 229000 renminbi 9000 to 34000 a year 1 in purchasing power parity terms that range is between the average income of brazil and italy. Social challenges of the middle class chinas middle class is forecasted by mckinsey company to reach 550 million by 2022 and comprise 75 percent of urban households this continued expansion of the middle class presents a host of new environmental demographic and social challenges. Chinas relatively new middle class consists of a rapidly shifting diverse population at present chinas lower middle class accounts for 44 percent of the total middle class as the middle class matures however the number of people in the upper middle class households that earn 12000 to 25000 will spike dramatically. However chinas middle class must deal with extremely high housing prices rising living and educational costs and a weak social welfare system these obstacles mean that chinas middle class feels the least safe financially and probably is one of the least happy of all the countrys social groups. Chinas middle class is expanding at an unprecedented pace a tourist takes a skywalk at a barrier free access which is 340 meters above the ground at the jin mao tower an 88 story skyscraper
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