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middle class
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.
October 10, 2022
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.
December 13, 2019
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
April 15, 2019