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I wonder how that compares to the financial demographics of China? I had the impression they were bringing more citizens up into the lower-middle class, but I
by kbelder 6y ago
I wonder how that compares to the financial demographics of China? I had the impression they were bringing more citizens up into the lower-middle class, but I might have just uncritically accepted some spin.
- alex_smart 5y agoChina's per capita GDP is over 10,000 USD. Their middle class is already huge. I think a decent analogy is that Chinese market is approximately the size of USA and India's is approximately the size of Canada.