Number of middle-class people in India (2019 vs. 2030); Source: World Data Lab. The per capita annual disposable income in China is 30,000 RMB (approximately S$5,900). By 2019 that had grown to nearly 18%, Kochhar said, with an average of 50 million . Fig. BEIJING — The biggest spenders of China's rising middle class may be the parents. Income inequality is a problem throughout the world, but in China, inequalities run much deeper than in the West. "For the first time in China's modern history, nearly half the population will be middle class or above," writes report author Houze Song. The number who drink imported wine on a . Taiwan. Shanghai's figure was 11,226 yuan ($1,706), the same survey showed. A. A quarterly salary survey conducted by Zhilian, China's largest jobs and employment consultancy, painted an even more optimistic picture. In 2009, the world's middle classes numbered 1.8 billion people, according to the OECD's calculations — 664 million Europeans, 525 million Asians and 338 North Americans. Nearly 80% of households in 2030 will be middle-income, up from about 50% today. March 20, 2019 By CIW Team. The number of middle-class households in mainland China has reached 33.2 million as of August 2018, more than half of which are in Beijing (17.54%), Shanghai (17.35%), and Guangdong (15.19%) according to a Hurun report. Ranking by regions, East China retains . % of population 2020 China (People's Republic of) (red), OECD - Total (black) Fertility rates Indicator: 1.70 Total Children/woman 2019 China (People's Republic of) Children/woman: Total Children/woman 2000-2019 China (People's Republic of) (red) Total Children/woman 2019 China (People's Republic of) (red) Young population Indicator: 17.7 Total . That is, the By 2017, the size of China's middle class had grown to almost the same size as the entire U.S. population. The Chinese middle class is forecast to double from about 300 million to 600 million people in the next five years. By 2030, India will move from being an economy led by the bottom of the pyramid, to one led by the middle class. The fact that China's urban middle classes are doing pretty well says little about whether China has anything like a true middle-class society. In 2000, around 4% of China's urban population was considered to be middle class, however by 2020 it is meant to be around 76%. Article continues below advertisement Alibaba to drive $200 . This is a massive increase in this group, and it will result in the increasing spending . The explosive growth of China's emerging middle class has brought sweeping economic change and social transformation—and it's not over yet. The retreat of India's middle class in 2020 - by 32 million - also looms large in the context of the addition of 57 million to this income tier from 2011 to 2019. 3. Sep. 10. This statistic shows the percentage share of China's middle class population in 2010 with a forecast for . The Chinese middle class may grow to 700 to 800 million, which is 50% to 60% of China's entire population. A surprising find during our analysis is what's expected to happen in Ethiopia—the middle class is set to explode over the next decade and will grow from approximately 716 thousand people today to over 9.6 million by 2030, a growth of over 1,200%. Overall, the middle class has increased from 15 percent of the country's population in 2001 to 29 percent in 2020, with forecasts estimating it will reach 41 percent of the population in 2030 . According to Pew research, only 12% of China's population are considered poor, while a fifth of India's populace still fall into this segment. This statistic shows the percentage share of China's middle class population in 2010 with a forecast for 2020. Around 52 million Chinese drink imported wine at least twice a year, out of an urban mid-to-high income population of around 112 million.
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