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Chinese Lose Confidence in Meritocracy as Path to Greater Wealth - Bloomberg

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Chinese people are blaming inequality in the economic system for diminishing their chances at amassing wealth, as urgency builds for Beijing to revive confidence at a key policy meeting.

Connections and growing up in a rich family were now seen as the top predictors of wealth in a survey of thousands of Chinese citizens published Tuesday by the Center for Strategic and International Studies. That’s a dramatic shift from the decade prior to 2015 when ability and talent was the most popular response.

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July 11, 2024 at 01:31PM
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Chinese Lose Confidence in Meritocracy as Path to Greater Wealth - Bloomberg
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