While the Chinese middle class (see my definition of the Chinese middle class) will alter the global economy in the years ahead, there are obstacles to Chinese consumers increasing their spending.
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Possibly the most significant difference is that Marty seems to have significantly narrowed the definition of middle class.
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The definition of middle class is a contentious one for economists.
On that definition, the middle-class population of emerging markets was about 250m in 2000 and 400m in 2005.
By definition, the American middle class has to pay its own way.
The problem with this approach is that each country has a different median income, so the definition of what is middle class shifts from place to place.
While there is no standard definition for what qualifies as Class A, Class B and Class C commercial office buildings, the vast majority of definitions used consider the following criteria: age, location, building infrastructure and ownership.
Because there is no one definition of business talent, each school assembles its class one person at a time.
"This year's class of inductees again represents the broad, compelling and significant definition of rock and roll, " said Joel Peresman, the president of the Rock and Roll Hall of Fame Foundation.
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But that definition was a bit premature for the high school seniors in Reba Petraitis' contemporary history class at Kent Place School in Summit, N.
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