China: booming with a frown | beyondbrics | News and views on emerging markets from the Financial Times – FT.com

“Money can’t buy you happiness, but it does bring a more pleasant form of misery,” comic Spike Milligan’s famous one-liner looks like a neat description for ‘communism with Chinese characteristics’.

Despite soaring growth, surging wages, and a general feeling that China is ‘on the up’, the latest Gallup Wellbeing Survey suggests that most Chinese people are down in the dumps.

The poll – which covers 124 countries across the globe – puts people into three categories based on how they would describe their lives. The options are ‘thriving’, ‘struggling’, and ‘suffering’.

Article: China: booming with a frown | beyondbrics | News and views on emerging markets from the Financial Times – FT.com.

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