Chinese middle class still in the early stage of development

时间：2007-12-18 05:57:36

（单词翻译:单击）

Chinanews, Beijing, Dec. 18 – In ten years, Chinese middle class, as defined by people with an annual salary between US$7,500 – US$25,000, will reach 100 million, according to a recent survey jointly1 carried out by HSBC and Fudan University.

 

International financial institutions might covet2 the potential market that might be created by this emerging social group. However, the truth is – it might be too early now to define people who have made these high earnings3 as belonging to the middle class group. In China, people who currently make US$7,500 – US$25,000 a year should be categorized as the elite4 class, not middle class, because only a few people can make so much money, the China Youth Daily reported.

 

In Western countries, however, the middle class, mostly made up of the white collar workers, is considered as the backbone5 of society because they form the overwhelming majority part of the social spectrum6. The society where middle class dominates will develop in the olive shape, while the polarized society will develop in the pyramid shape, with the poor forming the majority part of the society and the rich standing7 at the top of the social class structure. The polarized society is disadvantageous to social stability and development. On the other hand, when the middle class become the mainstream8 in society, they will act as a somewhat buffer9 zone between the elite class and people at the bottom of society. In this society, middle class becomes the main consumption group and their existence enables consumption market to remain prosperous and that's why global financial institutions always eye at the middle class group when they try to enlarge their business.

 
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1 jointly jp9zvS     
ad.联合地，共同地
参考例句：
  • Tenants are jointly and severally liable for payment of the rent. 租金由承租人共同且分别承担。
  • She owns the house jointly with her husband. 她和丈夫共同拥有这所房子。
2 covet 8oLz0     
vt.垂涎；贪图(尤指属于他人的东西)
参考例句：
  • We do not covet anything from any nation.我们不觊觎任何国家的任何东西。
  • Many large companies covet these low-cost acquisition of troubled small companies.许多大公司都觊觎低价收购这些陷入困境的小公司。
3 earnings rrWxJ     
n.工资收人；利润，利益，所得
参考例句：
  • That old man lives on the earnings of his daughter.那个老人靠他女儿的收入维持生活。
  • Last year there was a 20% decrease in his earnings.去年他的收入减少了20%。
4 elite CqzxN     
n.精英阶层；实力集团；adj.杰出的，卓越的
参考例句：
  • The power elite inside the government is controlling foreign policy.政府内部的一群握有实权的精英控制着对外政策。
  • We have a political elite in this country.我们国家有一群政治精英。
5 backbone ty0z9B     
n.脊骨，脊柱，骨干；刚毅，骨气
参考例句：
  • The Chinese people have backbone.中国人民有骨气。
  • The backbone is an articulate structure.脊椎骨是一种关节相连的结构。
6 spectrum Trhy6     
n.谱，光谱，频谱；范围，幅度，系列
参考例句：
  • This is a kind of atomic spectrum.这是一种原子光谱。
  • We have known much of the constitution of the solar spectrum.关于太阳光谱的构成，我们已了解不少。
7 standing 2hCzgo     
n.持续，地位；adj.永久的，不动的，直立的，不流动的
参考例句：
  • After the earthquake only a few houses were left standing.地震过后只有几幢房屋还立着。
  • They're standing out against any change in the law.他们坚决反对对法律做任何修改。
8 mainstream AoCzh9     
n.（思想或行为的）主流；adj.主流的
参考例句：
  • Their views lie outside the mainstream of current medical opinion.他们的观点不属于当今医学界观点的主流。
  • Polls are still largely reflects the mainstream sentiment.民调还在很大程度上反映了社会主流情绪。
9 buffer IxYz0B     
n.起缓冲作用的人(或物)，缓冲器；vt.缓冲
参考例句：
  • A little money can be a useful buffer in time of need.在急需时，很少一点钱就能解燃眉之急。
  • Romantic love will buffer you against life's hardships.浪漫的爱会减轻生活的艰辛。

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