middle class

Serving China’s middle class - THE EDGE SINGAPORE

China Focus

Serving China’s middle class

In 2022, an estimated 45%–50% of China’s population belong to or identify themselves as middle class.

Tong's Portfolio

The inevitability in numbers

SINGAPORE (Dec 13): Last week, we wrote about our investment thesis for Alibaba Group Holding, China’s leading e-commerce player, and why we like the stock for its long-term potential that is underpinned by rising consumerism in the country.

In print this week

Middle class getting squeezed; relief from 'rocky waters' needed, says OECD

SINGAPORE (Apr 15): With income growth falling increasingly far behind the rise in house prices, the middle class is struggling to keep up. Governments need to give more support and help address gaps in social inequality, says the Organisation of Economic
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