Caixin OnlineOpinionCommentaries Building Middle Class is Key to the Chinese Dream
04.08.2013 17:35

Building Middle Class is Key to the Chinese Dream

The country's development hinges on the foundation of a market economy, the rule of law and a democratic society
By Fred Hu
 
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After the closing of the Communist Party's 18th National Congress in September, at the first media conference for members of the Politburo Standing Committee, Xi Jinping described a Chinese dream.

The picture Xi presented, ranging from the rights to education to a clean environment to individual happiness, was in fact a blueprint for a flourishing middle class. Coincidentally, U.S. President Barack Obama's first State of the Union address since his reelection also placed particular emphasis on revitalizing and consolidating the middle class as a national policy focus. In the next 20 years, the most important symbol of China's rise to a rich, strong, and prosperous nation will be whether the majority of citizens have entered the middle class.

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