Study released on salaries of 鈥榤iddle class鈥
Print Edition
THE average middle class citizen in Beijing earns 256,016 yuan (US$39,600) a year, the highest in China, according to a research report released by the Chinese Academy of Social Sciences.
The report is about middle class people in Beijing, Shanghai and Guangzhou. The average middle class wage in Shanghai is 219,770 yuan a year, and in Guangzhou 170,037 yuan.
The average annual income of the middle class is about 200,000 yuan.
According to the report, 55 percent of people Beijing are middle class, in Shanghai it is 51 percent and Guangzhou 42.5 percent.
Citing the report, Zhang Haidong, a Shanghai University professor who participated in the research, said that more than 60 percent of middle class are home owners and more than half own cars, while 14 percent from groups below the medium strata have cars.
The majority of middle class citizens work in the private sector, the report said. An average middle class citizen reads 12 books a year, and 62 percent buy food in supermarkets.
The research compared people鈥檚 awareness of their social status today with five years ago. It was found that 40 percent of interviewees in Beijing and 61 percent in Shanghai, identify as middle class now, while it was 30 percent in Beijing, 48 percent in Shanghai half a decade ago.
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