China's Middle Class Isn't What We Thought It Was
For years, multinational companies have been rubbing their hands together in anticipation of the growth of the Chinese middle class.
For years, multinational companies have been rubbing their hands together in anticipation of the growth of the Chinese middle class.
“Diaosi” originated as an insult for a poor, unattractive young person who stayed at home all day playing video games, with dim prospects for the future—a “loser.” Yet as the term went viral on the Internet, Chinese youth from all...
China’s rapid economic growth since 1979 has transformed it into a major economic power. Over the past few years, many analysts have contended that China could soon overtake the United States to become the world’s largest economy, based on...