China is Creating a Middle Class

Economics, FREEPOM

For those POM readers who are following, the recent announcement by China of a points system for its citizens will not come as a surprise.  This was covered back in March in the post The Redback Revolution.

In that post I stated the following:

China has developed an urbanization plan which is meant to attract “elite human talent” to the “elite cities” which will be structured under strict population controls and citizenship will be based on a point system.

Some decent coverage of this recent event can be found here.

Most fail to tie in the broader urbanization plan and the filling of the ghost cities with Chinese rural population between now and 2020. China is creating a middle class to act as consumers as they switch from a trade exporting model to a trade services model.   – JC