WebNov 2, 2016 · China’s upper middle class is expected to account for $3.8 trillion in urban spending by 2024—more than double its current level, according to a recent study by BCG’s Center for Customer Insight (CCI). This segment could represent two-thirds of all Chinese urban consumption by then, versus about half today. WebNov 3, 2016 · Mainland China’s middle class will account for more than a third of its population by 2030, taking consumer spending to the level now seen in the European Union, an analytics company said.

The Pandemic Stalls Growth in the Global Middle Class, Pushes …

Web2 days ago · The Northeast dominates the top 10 highest middle class salary ranges, with many middle class salaries between $60,000 to $170,000. Meanwhile, that same middle class bracket falls between about ... WebApr 10, 2024 · The Chinese government has been engaged in a decade-long campaign to stave off a financial crisis triggered by excessive debt growth, an effort that has critically damaged its $10.7 trillion real ... flare sharleen bachelorette recap

Two tales of a city: How middle-class Shanghai reveals China’s ...

WebThe magnitude of China’s middle-class growth is transforming the nation As recently as 2000, only 4% of urban households in China was middle class1; by 2012, that share … WebFeb 13, 2024 · China’s middle class expanded substantially as its urban population grew from constituting 19 percent of its population in 1980 to reach 58 percent in 2024. In 2000, just four percent of China’s urban … WebJul 8, 2015 · In 2011, a majority of the world’s population (56%) continued to live a low-income existence, compared with just 13% that could be considered middle income by a global standard, according to a new Pew Research Center analysis of the most recently available data. And though there was growth in the middle-income population from … can stitches reopen