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China Daily Website
Business

China's middle class emerges, to spend more

Updated: 2013-06-06 08:02
By Andrew Moody and Lyu Chang (China Daily)

Gerth at Oxford University said the Chinese middle class could be dismissed as just another nouveau riche phenomenon with people buying branded goods just to make statements about who they are.

"It probably is some sort of nouveau riche phenomenon but it is more of an intensified example of something familiar to us. It is not that it somehow hasn't happened anywhere else. Chinese people aren't Martians," he said.

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