BEIJING -- More of China's emerging middle-income consumers say their lives have improved in material terms in recent years than do their counterparts in Japan or the U.S., a survey shows.
Some 80% of China's new middle class, defined by an annual household income of at least 100,000 yuan ($15,200), feel better off materially and culturally than they were four to five years ago, according to an October survey by Hakuhodo Institute of Life and Living Shanghai, a group member of Japanese advertising group Hakuhodo DY Holdings.
