china middle class
Shopping and Shows: Chinese Millennial Travelers Love Las Vegas for Everything but Gambling
Even though Chinese millennial travelers love traveling to Las Vegas, they're more likely to benefit the retail and entertainment industries than gambling. Read More
These Lower-Tier Chinese Cities Will Have 2 Million or More ‘High-Income’ Residents by 2030
A new Economist report predicting income growth in China through 2030 finds that the number of lower-tier Chinese cities boasting large numbers of high earners is set to skyrocket. Read More
China’s Affluent Set to Drive Bulk of Urban Consumption Growth in Next 5 Years
A new study by Boston Consulting Group finds that Chinese consumers with higher incomes are set to propel most of urban spending growth by 2020. Read More
Luxury Industry Turns to China’s ‘Moderately Wealthy’ for Global Growth
China is expected to have the world's highest number of households with an average income of US$100,000 and US$2 million by 2020, and luxury brands are taking notice. Read More
Interview: How Value Retail’s CEO Makes Outlet Shopping Chic In China
In an interview with Jing Daily, Value Retail CEO Mark Israel discusses why discount luxury shopping is an upscale experience at the company's new Suzhou Village location. Read More
China’s ‘Mass Affluent’ Population Set To Reach 14 Million By End Of Year
China may have more than 1 million millionaires, but that's nothing compared to the size of its enormous and rapidly expanding upper-middle class population. Read More
