If you are considering becoming a 1M/1M premium member and would like to join our mailing list to receive ongoing information, please sign up here.

Subscribe to our Feed

The Middle Kingdom’s Middle Class

Posted on Tuesday, Jul 3rd 2007

From McKinsey Quarterly:

A social revolution will soon transform China, and multinationals that do business there can’t afford to ignore it. So far, they have mostly focused on the country’s tiny minority of urban-affluent consumers. But as more Chinese migrate to the cities for higher-paying work, they are steadily climbing the income ladder. By 2011, McKinsey research suggests, China should have a lower middle class of 290 million people; by 2025, the upper middle class will be 520 million strong, with staggering disposable wealth. For many multinationals, this is the market of the future.

Hacker News
() Comments

Featured Videos


amerus life insurance company…

arithmetical.Missoula forwardness removals eases!frailest!…

amerus life insurance company Wednesday, March 19, 2008 at 9:35 PM PT