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Eric Wang pops into a Starbucks  near his office in Beijing's central business district. Wearing a  neat dark blue suit with a gold-colored tie, he picks up a cup of cappuccino in his roughened hand, and sips.

"It's really a sharp contrast between my present life and that of my parents," says Wang. A certified public accountant (CPA) in an international accounting firm, he enjoys a life of great vicissitudes.

Born into a rural family in eastern China's Zhejiang Province, Wang says his parents are traditional peasants who earn a living by planting rice and fishing in the Taihu Lake. Every summer holiday Wang helped his parents on the farm, which left him with a swarthy face and calloused hands.    

Wang studied hard in school and was finally admitted to the  University of International Business and Economics in Beijing.  

Fascinated by the capital's skyscrapers, Wang knew he would not return to the two-storey wooden home where he was born.    

Now 29, he earns more than 200,000 yuan ($29,000) a year by working on initial public offerings for the companies  which look to list on the stock exchange.      

Considering China reported a per-capita GDP of $2,042 in 2007, it makes Wang fairly well off. But, he asks not to use his Chinese name, as in China, exposing one's wealth is not wise.    

His parents live the same as they have for decades. While they knew their son works in a foreign-funded accounting firm, they are unaware of how the firm makes money.    

Wang lives with his fiance in a two-bedroom apartment he bought two years ago in downtown Beijing. His mortgage will be  paid off in three years. The next goal is a China-made Ford's Mondeo, worth 200,000 yuan.    

"I'm lucky, but others have similar stories," says Wang. "It's a trend."    

In developed cities, like Beijing, Shanghai, Guangzhou, and  other major metropolitan areas, Wang and his ilk are making a  group that has only existed in China since the country's economic makeover began three decades ago.