[Journal:] China Finance and Economic Review [ISSN:] 2196-5633 [Volume:] 4 [Year:] 2016 [Issue:] 1 [Pages:] 1-15
Background: China's rapid economic transformation is similar in some ways to those that have occurred in other rapidly developing nations. Is the pattern in China the same? Methods: Cross-country macrodata are used to compare class self-identification transition in China with other similar countries. Survey microdata from two sources are used to test the comparative pattern to test the determinants of such identification in both China and around the world. Results: The changing structure of self-identification that occurs in many rapidly growing economies are found to be absent in China. In fact, as China has continued to grow, such change as has occured is found to be downward, despite the immense material improvement there. Objective data on income distribution in China do not explain this phenomenon, but distinct features of China's urban real estate market might.
Housing market Class identity Middle class Social effects of economic growth