Affluent and upper-middle class consumers will account for 55 per cent of China’s urban consumption and 81 per cent of its incremental growth by 2020, according to the research by BCG and AliResearch. Photo: Reuters
China’s growing upper middle class to drive consumption by 2020, research finds
Households with between US$24,000 and US$46,000 in disposable income to account for most of incremental growth in five years time, report by BCG and AliResearch says
Affluent and upper-middle class consumers will account for 55 per cent of China’s urban consumption and 81 per cent of its incremental growth by 2020, according to the research by BCG and AliResearch. Photo: Reuters
