The New Rich in China

Three decades of reform since 1978 in the People’s Republic of China have resulted in the emergence of new social groups which have included new occupations and professions generated as the economy has opened up and developed and, most spectacularly given the legacy of state socialism, the identification of those who are regarded as wealthy. However, although China’s new rich are certainly a consequence of globalization, there remains a need for caution in assuming either that China’s new rich a