Friday, November 04, 2016

E.U. Consumer Spending Levels To Be Seen In China In A Generation And A Half

China To Become Middle-Class Society By 2030

China will be a middle-class society by 2030 matching consumer spending levels seen in the European Union at the moment, a new report by an analytics company said Wednesday. Private consumption will grow on an average of 5.5 percent every year. China is currently at consumer spending levels seen in Malaysia in the 2000s with nearly…