Is China rich enough to claim a ‘well-off society’? One ex-official says grand economic goal can wait

A former state official says China should wait to declare that it has built a “comprehensively well-off society” – a milestone goal in President Xi Jinping’s “Chinese dream” of national rejuvenation – since the country still has 1.1 billion people not qualified as middle class.Beijing had pledged to achieve the goal this year. But this week’s comments by He Keng, former deputy director of the Financial and Economic Affairs Committee of the National People’s Congress, run contrary to the…

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