WebSep 28, 2024 · By 2030, over 70% of China’s population could be middle class, consuming nearly $10 trillion in goods and services and India could be the world’s largest middle class consumer market, surpassing both China and the USA. Related Megatrends: Geopower ; Inequalities ; Urbanisation WebMay 28, 2024 · Published by C. Textor , May 28, 2024. This statistic shows the number of China's middle class population in 2002 and a forecast for 2024. According to the forecast, the middle class in China ...
China vs. India — Where is the momentum in consumer spending? Wo…
WebJun 1, 2013 · The explosive growth of China’s emerging middle class has brought sweeping economic change and social transformation—and it’s … Decades of economic development have fueled a massive increase in incomes in China. China’s Gross National Income (GNI) per capitahas grown more than ten-fold since 2000, reaching $10,410 in 2024. Although this is significantly lower than the $43,861 average of OECD economies, China’s GNI per capita is on … See more The Chinese middle class is beginning to behave similarly to its counterparts across the world in terms of consumption of goods and services. Middle class spending growth has … See more The expansion of China’s middle class has presented a host of new environmental, demographic, and social challenges. As the middle class continues to grow, the Chinese government … See more highcharts verticalalign
Middle-class nation: how China is rising to the challenge of com…
Webof middle class, majority of households in the People’s Republic of China (PRC) have become middle class by 2007, which is especially impressive given that around 40% of households were still considered poor in 1991. The rise of the middle class is evident for both urban and rural areas and across East, Central, and West PRC. WebMay 11, 2024 · Overall, the middle class has increased from 15 percent of the country’s population in 2001 to 29 percent in 2024, with forecasts estimating it will reach 41 percent of the population in... Web• Develop estimates for 145 countries, accounting for 98% of population and 99% of GDP ... in China who enter the middle class over time . 7 Projection Result 4: The middle class is projected to grow from 1.8 billion to 3.2 billion by 2024 to 4.9 billion by 2030 Table 2. Numbers (millions) and Share (percent) of the Global Middle Class highcharts vertical line