It's funny -- This is probably the only country in the world where people talk like that about education and health care, and it has gotten really mixed results. There are some very bright spots of quality -- some associated with "free market" systems, others really not so much -- and a lot of general failure, all at exceptionally high cost. The quality record of large-scale (i.e., not just an individual or two), for-profit providers in both fields is actually horrendous.
The explosive growth of China’s emerging middle class has brought sweeping economic change and social transformation—and it’s not over yet. By 2022, our research suggests, more than 75 percent of China’s urban consumers will earn 60,000 to 229,000 renminbi ($9,000 to $34,000) a year.1
In purchasing-power-parity terms, that range is between the average income of Brazil and Italy. Just 4 percent of urban Chinese households were within it in 2000—but 68 percent were in 2012.2 In the decade ahead, the middle class’s continued expansion will be powered by labor-market and policy initiatives that push wages up, financial reforms that stimulate employment and income growth, and the rising role of private enterprise, which should encourage productivity and help more income accrue to households.