China s middle income population may reach 800 million by 2035, what does this mean for us?

According to ** report, in May 2021, Lin Yifu, honorary dean of the National School of Development of Peking University, said at the "Global Consumer Innovation and Duty-free and Travel Retail Conference" that by 2035, China's middle-income population will reach 800 million. After this news fermented on social platforms, it attracted widespread attention and discussion among netizens.

Some netizens believe that the middle-income group is defined as a group with a monthly income of 2,000 to 5,000 yuan, whether this standard will be too low; Some netizens also believe that under the current situation of rising unilateralism in some countries in the world, China is actually facing major economic challenges. So what does it mean for us when China reaches 800 million middle-income people in 2035? The author will share my views below.

1. The completion of building a modern socialist country in an all-round way <>

It has been mentioned in China's 14th Five-Year Plan that China has built a moderately prosperous society in an all-round way and is moving towards building a modern socialist country in an all-round way, and 2035 is the time node for building a modern socialist country in an all-round way, and if China's middle-income population reaches 800 million in 2035, then China's overall population income structure will be oval rather than pyramid-shaped, which is in line with the current nature of socialism.

Second, the shift from material consumption to spiritual consumption <>

In the past few decades, the consumption of the Chinese people mainly lies in material consumption, but the economic foundation determines the superstructure, and when the income of the whole population in China increases, it will shift from material consumption to a higher level of spiritual consumption. Therefore, at that time, China must improve its construction in the spiritual fields of film, television, culture, and other fields to meet the spiritual needs of the masses.

Third, the domestic circulation can achieve <>

Due to the current rise of unilateralism in some countries in the world and the construction of the best fortress, now China is focusing on the domestic cycle as the main body, and when the middle-income population reaches 800 million in 2035, then China's overall purchasing power will be on a higher level, so the domestic cycle can be realized.

This means that our country's development level has been greatly improved, and the gap between us and developed countries is getting smaller and smaller, and as long as we have enough time, we can surpass many developed countries.

Personally, I think this fully shows that our country is getting better and better, our economic income is getting higher and higher, and the overall living standard of residents is getting higher and higher.

Reaching 800 million middle-income people in 2035 certainly means that our income level is getting higher and higher, and our lives will be better and better, which is a good omen.

At that time, I don't know how much a steamed bun is