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China’s Consumption Engine: 280 Million Chinese To Be “Affluent” By 2020

CAIXIN MEDIA, CHINA DAILY (China), BOSTON CONSULTING GROUP (USA) Worldcrunch BEIJING– China’s middle class will triple in the next 10 years, according to a new report by the Boston Consulting Group (BCG). By 2020, it should have 280 million affluent consumers, representing 35% of the country’s consumption and 5% of the world’s total consumption. Photo […]

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