Increasing upward mobility

Transformations and tax and industrial reforms are needed to double the size of the middle-income group by 2020

Fostering an expanded middle-income group and unleashing its consumption potential to support national economic growth of 7 to 8 percent is of great significance for attaining more equitable and sustainable development in the next decade.

The essence of the goal of completing the building of a moderately prosperous society in all respects by 2020 is doubling of the size of the middle-income group. With the middle-income group comprising 23 percent of the population at present, this means an annual growth of 2 percentage points to reach 40 percent, around 600 million, by 2020.