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3min chapter
SCMP Spotlight: middle class in China and US fear losing their status
Inside China
Introduction
This chapter explores the shrinking American middle class and China's weak middle class growth, discussing the impact of stagnant wages and certain policies. It also highlights the implications of an aging population on China's labor force and social security, and the challenges both countries face in breaking out of the middle-income trap.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode