# Quote — Keyu Jin, The New China Playbook

> [T]here are still... 870 million people with a monthly income below RMB 2000 (...US$300) ...yet to join the four hundred million in the middle-income group ...by Chinese standards ...RMB 2000—5000—far below the advanced-economy average. ...[A]n enlarged middle-income group ...is the only way to truly bolster China’s consumption engine.

- Author: [Keyu Jin](https://www.leafyquotes.com/keyu-jin.md)
- Book: [The New China Playbook](https://www.leafyquotes.com/keyu-jin/the-new-china-playbook.md)
- Source: [Wikiquote](https://en.wikiquote.org/wiki/Keyu_Jin#The_New_China_Playbook_(2023)) ([CC BY-SA 4.0](https://creativecommons.org/licenses/by-sa/4.0/))
- Quote page: https://www.leafyquotes.com/keyu-jin/the-new-china-playbook/t-here-are-still

## More from this book

> ... indicates... 95 percent of Chinese... had... confidence in... government, compared to 33 percent in the US and 45 percent... in the rest of the world. As of 2022... 91 percent, compared to 39 percent in the US. ...[S]atisfaction levels tend to be lower for s.

[Quote page](https://www.leafyquotes.com/keyu-jin/the-new-china-playbook/indicates-95-percent.md)

> China’s investment in ... 40 percent... of GDP... for a country... halfway through... urbanization... may not be high....

[Quote page](https://www.leafyquotes.com/keyu-jin/the-new-china-playbook/chinas-investment-in-40-percent.md)

> [T]he Chinese... try to balance obligation and deference with free will.

[Quote page](https://www.leafyquotes.com/keyu-jin/the-new-china-playbook/t-he-chinese-try.md)