New China’s middle class

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Everyone can easily realise that China’s society is changing very fast.

At the basis of this sweeping social and economic transformation is the rise of an almighty new urban middle class.

This urban middle-class population alone, if considered as a country, is larger than the entire U.S. total population today and has been calculated to reach the number of 630 million by 2022, as a result of China’s new capitalist politics.

Following its new Chinese dream by 2022, we expect China’s middle class to be consuming goods and services valued at $3.4 trillion – 24% of GDP.

This phenomenon is inevitably having an enormous influence on the U.S. and Europe businesses.

Copyright © 2017 Franco Guidi. All rights reserved.