China’s Middle Class Is a Myth

China’s Middle Class Is a Myth
A man walks inside a Dolce & Gabbana shop in Beijing on Nov. 22, 2018. Nicolas Asfouri/AFP/Getty Images
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Commentary
China is the world’s second-richest country, yet its citizens rank only 72nd among the world’s wealthiest people.
Antonio Graceffo
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
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