1. Uncertainty haunts China’s middle class
Beijing may have to think again about domestic consumption being the main economic driver as rising debt levels take their toll on willingness to spend
https://www.scmp.com/comment/insight...s-middle-class
2. China's Middle Class don’t receive benefits for healthcare, education, or retirement from the state. And it doesn’t vote. Therefore, it’s increasingly taxed indirectly via an expensive healthcare system, education, and the fact that there are almost no retirement benefits.
http://www.atimes.com/article/chinas...owing-dilemma/
1 + 2 =
3. India overtakes China as the most promising market for retail expansion
China fell out of the No. 1 spot in a ranking of the most promising markets for retail expansion.
India took the top spot, helped by its expanding economy, booming consumption rates, urbanizing population and growing middle class.
https://www.cnbc.com/2017/06/05/indi...expansion.html