CICC's 2025 China Wealth Report:

The upper class accounts for 0.33%( approximately 4.6 million people), with an average of 63 million yuan, and overseas assets make up over 30% and are increasing year by year.

The middle class accounts for 7%( 99 million people), with an average of 1.1 million yuan, but 78.6% of their wealth is concentrated in real estate, with assets highly tied to the property market.

The lower class accounts for 92.6%( 1.3 billion people), with an average of 23,000 yuan, with little accumulated assets, mostly just trying to get by. It’s very heartbreaking.