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> That's implying a Chinese economy that is nearly the size of the entire global economy today. Yes. > Support your position then. The Business Insider artic
by chvid 11y ago
> That's implying a Chinese economy that is nearly the size of the entire global economy today.
Yes.
> Support your position then.
The Business Insider article mistankenly says pr. year where it should have said pr. month.
Sharetea must have somehow stumbled on this as he introduces a "." in the quote so 85 USD becomes 8.50 USD.
The correct numbers are in the report:
http://demandinstitute.org/demandwp/wp-content/uploads/2015/11/TDI-No-More-Tiers.pdf http://demandinstitute.org/demandwp/wp-content/uploads/2015/...
"Only 12% reported monthly household income of more than 20,000 yuan ($3,200), or $85 a day."
Where group that is referred to is the group of "connected consumers". The group is 368 mio. Chinese pt.