The Asian Dream is waking up to reality
Much depends on meeting the expectations of the middle class as growth momentum slows.
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Even if China no longer posts the world’s fastest rate of middle-class growth, it will remain the biggest consumer market.
PHOTO: AFP
Karishma Vaswani
How quickly is Asia’s middle class growing? Not as fast as it needs to keep pace with aspirations.
Policymakers need to focus on boosting livelihoods – but also on improving the quality of lives – for citizens to achieve the “Asian Dream”. Until that happens, it will be more myth than reality.
