China Overtakes US to Have World's Largest Middle Class

Jack Ma, president of Alibaba Group, says there will be half-a-billion middle class people (in China) in the next 10-20 years at the UK-China Business Summit in London.

And earlier this month, Credit Suisse, a leading global financial service company, says that China"s middle class has overtaken the United States" to become the world"s largest in terms of population.

A photo shows Jack Ma is delivering a speech at the UK-China Business Summit in London on October 22, 2015. [Photo: sina.com]