China’s Middle/Upper Class. A Lot Richer Than The Official Statistics Indicate.
August 2, 2010 | By: Editor
Fascinating post (graph, really) over at China Tells, entitled, “The Mystery of China’s Grey Income.” The post discusses a recent academic study finding household income in China is actually double that which is officially reported and for those earning at the top 10% of Chinese society, the real income is 2.2 times that which is officially reported.
What this means in business language is that the Chinese consumer usually targeted by Western companies actually has more to spend than you probably thought.
Check it out and let us know what you think.
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One Comments
The fact is in communist china , we cant really understand what to believe or not to. When the media is controlled by the government, they pretty much control how the world perceives them. This kinda suggests that either ppl are really good at hiding their wealth or china is purposely showing themselves as a country of poor