250 million Chinese have moved from the country into cities
There is now a huge growing middle class. 62 million people have moved from $1 a day to earning an income which has turned them into rampant consumers.
Consider the immediate implications - less food production - Increased consumerism (good or bad)? And the long term consequences as 250 million people want two cars per family (and why shouldn't they)? And 250 million people are no longer intrested in food production.
Interesting times. ann
Stats from McKinsey $ Company
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Ann Andrews CSP
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