Subjective social status is an individual's perception of his/her position in the social stratum, and it shapes social inequality in a perceived way. By using the China Family Panel Studies and employing growth curve modeling strategies, this article examines the subjective social status trajectories of Chinese people between 2010 and 2018 and how these trajectories are shaped by objective social status. The empirical findings show that the distribution of subjective social status in each wave (2010, 2012, 2014, 2016 and 2018) presents a middle-class identification, which means that the majority of people tend to position their subjective social status at the middle level, while the overall trend in average subjective social status has increased over time. The results of trajectory analysis show that different objective socioeconomic status indicators have different effects on the baseline value and rate of growth in subjective social status, which suggests that the trajectories of subjective social status are influenced by multiple determinants in China. While education, income and political capital reduce the gaps between the classes in subjective social status over time, wealth and employment status enlarge these gaps and thus enhance subjective social inequality. This article highlights the gradient effect that wealth has on the dynamics of subjective social status and helps us to better understand subjective social stratification in contemporary China.