China’s middle class
China’s middle class is expected to rise from 430 million to 780 million in the mid-2020s,
according to Brookings.
It is already the second largest middle class in absolute terms, at 157 million consumers - the US is first - but small in relative terms - only 12% of the population -
according to the World Bank.
It is expected that over 70 per cent of China’s population could be middle class by the year 2030.
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