China will have 1 billion middle-class consumers by

China will have 1 billion middle-class consumers by 2030

20/08/2012

English-language newspaper China Daily has said the number of middle-class consumers in China increased by 23% per year between 2000 and 2010. At the end of that period, the newspaper said there were 179 million middle-class people in China but that by 2030 the number will be one billion.

It quoted a study by market research group Nielsen that said 25% of middle-class people in second- and third-tier cities in China are already travelling to bigger cities specifically to shop for high-end goods.

China will have 1 billion middle-class consumers by - leatherbiz: Lea

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China will have 1 billion middle-class consumers by 2030