Squeezed Middle Class in China | China Bubble Watch

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"Squeezed Middle Class in China

I wrote an article for China Economic Review’s March issue on China’s income tax reform. In the article I emphasized that the voices of middle class discontent on the Internet have led to some efforts by the government to alleviate the tax burden of the middle class and improve the transparency of how taxpayer money is spent. But I increasingly feel that maybe I have over-estimated the power of the middle class in China."

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