"People’s Forum" Magazine, which is under People’s Daily, published an article on June 1, 2010, titled “High Apartment Prices Make the Middle-class Fall – China may have become an “M-Type” society." Here is a partial translation from the article:
- "Recently, ‘the ant race’ has become one of the most frequently used terms on the Internet and in society. “The ant race” refers to the college graduates who have no jobs or low-income jobs after graduation and have to live together in a crowded place at the outskirts of a big city, near the countryside. These people were born in the 1980s. The growth of the “ant race” is primarily caused by high apartment prices."
- "China’s social structure may have turned into an ‘M-type’ differentiation one due to the growth of the ‘ant race.’"
Source: "People’s Forum" Magazine, June 1, 2010
http://house.people.com.cn/GB/11753145.html