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Yao Yang Says Around 100 Million People in China Actually Pay Income Tax; Annual Income of 100,000 Yuan Places One in the Top 10% of Taxpayers

10.23 ·Reported ·Importance II ·Sources 1 ·China

Economist Yao Yang, Dean of the Dishui Lake Advanced School of Finance at Shanghai University of Finance and Economics, said in a video posted on "Yao Yang Shuo" that about 100 million people in China actually pay individual income tax, that an annual income of 100,000 to 120,000 yuan puts one in the top 10% by income, and that an annual income of about 300,000 yuan puts one in the top 1%. The bottom 10% of earners account for only 0.4% of all income and have negative net wealth, and around 600 million people nationwide still earn less than 1,000 yuan per month.

Douyin Blogger Pushes Back on “Student Mindset” Label, Resonating with Netizens

10.17 ·Reported ·Importance I ·Sources 1 ·China

On October 17, a Douyin blogger complained that young people are told to abandon the “student mindset” as soon as they enter society, asking why honest people should reflect on themselves after being taken advantage of, and saying that those who cheat and deceive are the ones who should truly reflect. The post struck a chord with netizens, who left comments in共鸣.

China May Retail Sales Data Turn Negative Year-on-Year

06.16 ·Verified ·Importance IV ·Sources 2 ·China

In May 2026, China's total retail sales of consumer goods fell 0.6% year-on-year, marking the first monthly decline since December 2022, with sharp drops in sales of automobiles, home appliances, building materials and other categories.

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