The Rise of the Middle Class in the People’s Republic of China
Yuan, Zhang; Wan, Guanghua; Khor, Niny | February 2011
Abstract
Using $2–$20 purchasing power parity per capita daily income as the definition of middle class, Zhang Yuan, Guanghua Wan, and Niny Khor find that majority of households in the People’s Republic of China have become middle class by 2007. This is especially impressive given that around 40% of households were still considered poor in 1991. This paper discusses these trends, their main determinants, and geographical distributions.
Citation
Yuan, Zhang; Wan, Guanghua; Khor, Niny. 2011. The Rise of the Middle Class in the People’s Republic of China. © Asian Development Bank. http://hdl.handle.net/11540/2043. License: CC BY 3.0 IGO.ISSN
1655-5252
Keywords
Alleviating Poverty
Anti-Poverty
Extreme Poverty
Fight Against Poverty
Global Poverty
Health Aspects Of Poverty
Indicators Of Poverty
Participatory Poverty Assessment
Show allCollapse
Citable URI
http://hdl.handle.net/11540/2043Metadata
Show full item record
Users also downloaded
-
Annual Report 2014: Operational Data
(Asian Development Bank, 2015-01-01)The page has additional information for the ADB Annual Report 2014. In 2014, the Asian Development Bank (ADB) approved $22.93 billion in development assistance, including $13.69 billion financed by ADB’s ordinary capital resources and special funds, ... -
Causes and Consequences of Global Imbalances: Perspective from Developing Asia. Asian Development Review, Vol. 26(1), pp. 19-47
(Asian Development Bank, 2009-03-28)Global current account imbalances are one of the key macroeconomic imbalances that underlie the global financial crisis. The central objective of this paper is to analyze the causes and consequences of global imbalances from the perspective of ... -
Fire, Smoke and Haze: The ASEAN Response Strategy
(Asian Development Bank, 2001-02-01)This publication, a joint effort of ADB and the Association of Southeast Asian Nations, brings together the current knowledge about land and forest fires, examines their causes and impacts with particular reference to Southeast Asia, and suggests what ...
Related items
-
The Impact of ACFTA on People’s Republic of China–ASEAN Trade: Estimates Based on an Extended Gravity Model for Component Trade
(Asian Development Bank, 2012-07-01)This paper uses an extended gravity model to shed light on the impact of the free trade area agreement between the Association of Southeast Asian Nations (ASEAN) and the People's Republic of China (PRC) on the members‘ trade flows and trade patterns. ... -
The Rise of the “Redback” and the People’s Republic of China’s Capital Account Liberalization: An Empirical Analysis of the Determinants of Invoicing Currencies
(Asian Development Bank Institute, 2014-04-07)We investigate the determinants of currency choice for trade invoicing in a cross-country context while focusing on the link between capital account liberalization and its impact on the use of the renminbi (RMB). We find that while countries with more ... -
Dynamic Transition of the Exchange Rate Regime in the People’s Republic of China
(Asian Development Bank Institute, 2014-04-25)This paper analyzes the optimal transition of the exchange rate regime in the People’s Republic of China (PRC). How the PRC can successfully reach the desired regime—whether a basket peg or floating regime—from the current dollar-peg regime remains a ...